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Golden Knights Sign David Edstrom

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The Golden Knights have signed their top pick from last month’s draft, announcing the signing of center David Edstrom to a three-year, entry-level deal.  Financial terms of the contract were not disclosed.

The 18-year-old was the final selection of the first round, going 32nd overall to the Stanley Cup champs.  Edstrom spent last season in Frolunda’s system, splitting time between their Under-18 team, Under-20 squad, and their SHL group.  The bulk of his action came at the Under-20 level where he was productive, notching 15 goals and 13 assists in 28 games.  Edstrom also didn’t look out of place in the pros, collecting two goals and two helpers in 11 contests while averaging just shy of eight minutes a night.  Internationally, he represented Sweden at the 2022 Hlinka-Gretzky Cup as well as the World Under-18s.

Edstrom is under contract in Sweden next season with Frolunda and it’s probable that he’ll be loaned back there where he’ll split time once again between the Under-20 team and the SHL squad.  If that happens, his contract will slide a year and still have three years left on it this time next summer.  He’s still likely a few years away from being NHL ready but Vegas feels that Edstrom should become a middle-six contributor for them down the road.

Vegas Golden Knights Hire Dominique Ducharme, Joel Ward

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The Vegas Golden Knights have hired two new assistant coaches to join head coach Bruce Cassidy’s staff for next season: former Montreal Canadiens head coach Dominique Ducharme, and Henderson Silver Knights assistant and 726-game NHL veteran Joel Ward.

Vegas GM Kelly McCrimmon issued a statement on the hires:

We are extremely pleased with the additions of Dominique and Joel to our coaching staff here in Vegas. Dominique brings a wealth of coaching experience into our organization and has proven to be a successful leader at multiple levels. Joel has excelled in Henderson during the first three years of his promising career as a coach and we’re excited for him to be taking his next step with us.

The Golden Knights have two open spots to fill on Cassidy’s staff after Ryan Craig was named head coach of their AHL affiliate, the Henderson Silver Knights, and Misha Donskov departed the organization. Now, Ducharme and Ward will join John Stevens as Cassidy’s assistants for next season, a campaign where Vegas will look to defend its first-ever Stanley Cup championship.

In Ducharme, the Golden Knights are adding the head coach responsible for the team’s most recent playoff elimination. Ducharme’s 2020-21 Montreal Canadiens are the most recent team to win a playoff series against Vegas, having dispatched them in the 2021 Stanley Cup Semifinals.

Although Ducharme’s ability to coach his underdog Canadiens team in person was compromised by a COVID-19-related absence, he won the franchise a Clarence S. Campbell Bowl and led it to its first Stanley Cup Final since 1993.

Ducharme never got a full season coaching the Canadiens, though, as he took over for Claude Julien mid-season in 2020-21 and was fired in the middle of the following season after managing just eight wins in 45 games.

While it’s clear Ducharme was dealt an extremely poor hand after the Canadiens’ long playoff run, (franchise pillars Shea Weber and Carey Price each would see their playing careers almost certainly ended by injury) his Canadiens won just 15 of 38 games before their miraculous run.

Players such as Cole Caufield and Samuel Montembeault struggled immensely in 2021-22 under Ducharme but emerged as key Canadiens contributors since his departure, and Ducharme’s development of Caufield in particular drew him significant criticism in the Montreal market.

But even though Ducharme’s reputation took a significant hit in 2021-22, it’s worth noting that he was held in relatively high regard before that point. He was an extremely successful coach at the junior level, leading the Halifax Mooseheads to a Memorial Cup and Team Canada to a silver medal at the 2017 IIHF World Junior Championships and gold at the 2018 WJC.

Ward, on the other hand, doesn’t possess nearly as extensive of a coaching resume as Ducharme but has earned this promotion on the back of three seasons of hard work as an assistant coach for the Golden Knights’ AHL affiliate. Ward has been with the Silver Knights since their very first season and with his help they’ve delivered several NHLers to Vegas, including Logan Thompson, whose name is now on the Stanley Cup.

Should Ward manage to help Vegas to some successful seasons while he’s on Cassidy’s staff, or perhaps even another Stanley Cup title, the widely-respected longtime NHLer could see himself become a hot candidate for an NHL head coaching vacancy.

Photos courtesy of USA Today Sports Images

Snapshots: Snow, Flames, Morozov

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Former Islanders GM Garth Snow hasn’t been officially on the job since 2018 but is only now officially a free agent with his payout from the team ending last month.  Now that he’s allowed to speak publicly, he told Kevin Kurz of The Athletic (subscription link) that he is hoping to join another franchise in some sort of front-office capacity.  Snow had a rather strange journey to the front office, going from being New York’s backup goalie to their GM in a matter of weeks.  The team didn’t have a lot of playoff success under his watch (they got past the first round just once) but several players he drafted during his tenure are playing key roles for the Isles.  While a GM job doesn’t seem likely, it’s possible that Snow could land a different role in someone’s front office in the coming months.

Elsewhere around the hockey world:

  • Speaking with reporters today including Ryan Pike of Flames Nation (Twitter link), Calgary GM Craig Conroy stated that he’s hoping to have a new AHL head coach in place within the next week or so. Mitch Love was the reigning two-time Louis AR Pieri Memorial Award winner for Coach of the Year but after being passed up for the top job in Calgary, he accepted an assistant coaching role with Washington earlier this summer.
  • Vegas’ AHL team in Henderson announced that they have loaned winger Ivan Morozov to Spartak of the KHL for next season. The 23-year-old played his first full season in North America last season, picking up six goals and 11 assists in 57 games.  Morozov has one year left on his contract with the Golden Knights and considering that he’ll be spending next season overseas, it seems safe to infer that he’s unlikely to be re-signed at this point in time.  If that’s the case, it won’t be a great return on a late second-round selection from back in 2018 (61st overall).

Vegas Golden Knights Re-Sign Jiri Patera

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The Vegas Golden Knights re-sign netminder Jiri Patera to a one-year, two-way contract. Per PuckPedia, the contract carries a $775k AAV, a $100k AHL salary, and a $145k total guarantee.

Patera, 24, is a member of the Golden Knights’ original draft class from 2017, when he was selected in the sixth round. The six-foot-two Czech netminder developed in the USHL before spending two seasons in the WHL with current Vegas GM Kelly McCrimmon’s club, the Brandon Wheat Kings.

A First-Team All-Star in the WHL, Patera turned pro in 2020-21, splitting time with HC Ceske Budejovice in the Czech Extraliga and the AHL with the Henderson Silver Knights.

Patera had a difficult start to life in Henderson but in 2021-22 he regrouped his game in the ECHL and ended the season with a .910 save percentage and 2.76 goals-against-average in the AHL.

This past season, Patera got used to a larger workload playing 31 games for Henderson. His numbers held steady despite getting a larger role in the AHL, and he even earned two starts for Vegas in the NHL, winning both with a .929 save percentage.

With this contract Patera secures his place for another season with Vegas’ AHL affiliate, and he’ll hope to earn more NHL call-ups as he makes a push to become a regular face at the game’s highest level.

Vegas Golden Knights Sign Three Players

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The Stanley Cup champion Vegas Golden Knights are signing big Mason Geertsen to a one-year, two-way contract with a $775k cap hit, $400k AHL salary, and a two-year term according to PuckPedia.  Later in the day, the team announced the signings of Gage Quinney and Mason Morelli on two-year, two-way contracts.

With experience playing both along the wings and as a defenseman, the most consistent thing Geertsen brings to the table is his physicality. He’s six-foot-four and weighs nearly 230 pounds, and is more than happy to make opposing players more than familiar with how hard he can hit.

He had nearly 100 more penalty minutes than the next-highest Utica Comet last season with 136, and helped Utica reach the AHL playoffs.

He won’t provide Vegas’ AHL affiliate, the Henderson Silver Knights, with more than his physicality, but clearly the Golden Knights have made beefing up their AHL affiliate a priority, and signing Geertsen will accomplish exactly that.

As for Quinney, he’s a 27-year-old center who re-signs in Nevada, where he’s spent the last three seasons. Quinney was Henderson’s leading scorer this past season with 25 goals and 64 points in 66 games.

The former WHL champion worked his way up to this point from the ECHL and is now being rewarded with an extension to remain among Henderson’s most important players. Continuity is a rare thing in the AHL, so securing more seasons in Henderson is a nice reward for Quinney’s recent success.

As for Morelli, he recently won the Calder Cup and now departs the Hershey Bears after two full seasons there. It was in Hershey where the 27-year-old advanced from being an AHL/ECHL tweener to a true AHL contributor. He scored 41 points in 72 regular-season games and 13 in 20 playoff games, and will now look to help Henderson go on their own long playoff run while also making a push for an NHL call-up.

Vegas Golden Knights Extend Adin Hill

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June 30: Vegas has confirmed Hill’s extension at $4.9MM per season over two years. PuckPedia confirms the breakdown of his contract:

2023-24: $1.6MM base salary, $4MM signing bonus, eight-team no-trade list
2024-25: $4.2MM base salary, five-team no-trade list

June 25: The Vegas Golden Knights captured their franchise’s first-ever Stanley Cup earlier this month, and while he didn’t end up winning the Conn Smythe Trophy the work of netminder Adin Hill played a significant role in getting Vegas over the line.

Now it appears Vegas is nearing a contract extension agreement with Hill, 27, who was set to hit the open market July 1st. Sportsnet’s Elliotte Friedman has reported that Hill is “looking at an extension in Vegas around the 2x$4.9M range,” and that nothing is official at this time.

PuckPedia made a point that will be central to the reception of this contract, which is that Hill’s reported $4.9MM cap hit “would put him just outside a top 16 starter in Cap Hit. Based on last season, at that cap hit he would be expected to play 50+ games.” That’s potentially going to be an issue for Hill, as the last time he was a true full-time goalie for a full season was with the WHL’s Portland Winterhawks back in 2015-16.

In recent years Hill has consistently battled injuries, and even though he had injury troubles this season as well he actually set a career-high in NHL games played with 27.

The six-foot-four 27-year-old played quite well in those 27 games, posting a 16-7-1 record and a .915 save percentage, but those numbers won’t deliver enough return on Vegas’ $4.9MM AAV investment unless he can handle a higher workload.

Even with those concerns about availability, it’s abundantly clear why Vegas made the choice to extend Hill and reward him for his playoff heroics. Hill’s playoff performance stepping in after an injury to Laurent Brossoit was genuinely stunning, and his .932 save percentage in 16 games is a testament to that. Hill’s out-of-this-world save on Nick Cousins to set the tone for the Stanley Cup Final is going to be a moment long remembered in hockey history, and while NHL clubs probably shouldn’t let sentimentality influence major financial decisions, Vegas’ desire to keep their playoff hero around for longer than just one season is completely understandable.

There are going to be fans that snicker at Hill receiving a per-year cap hit nearly as high as what Darcy Kuemper, a tried-and-tested, durable NHL starter received on the open market after winning his own Stanley Cup. That’s an understandable point of view given just how spotty Hill’s track record has been in past years. He was let go by San Jose last summer for a mid-round draft pick, after all.

But in the end, this is a player who shouldered a significant amount of responsibility in high-leverage moments and led his team to a Stanley Cup. 26-year-old Logan Thompson, who impressed as a rookie this past season, will cost Vegas just $766k against the cap for the duration of this Hill contract extension. So assuming Vegas runs a Hill-Thompson tandem, they’ll be paying their netminders under $6MM combined, a totally affordable number.

The presence of Robin Lehner and his $5MM cap hit on Vegas’ books complicates things, especially if he plans on returning to the ice after missing the season due to hip surgeries. But with the start of free agency looming, locking up Hill and therefore a two-goalie tandem for the next two seasons is a solid bit of business, assuming Hill can stay healthy.

Photos courtesy of USA Today Sports Images

Offseason Checklist: Vegas Golden Knights

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The offseason is now fully underway after Vegas took home the Stanley Cup which means that it’s time to examine what each team will need to accomplish over the coming months.  We wrap up our series with a look at what the Golden Knights have left to do.

When team owner Bill Foley talked about winning the Stanley Cup in six years after their expansion team started, the idea seemed far-fetched.  But in the end, that’s exactly how it played out as they took out Winnipeg, Edmonton, Dallas, and Florida to take home the title.  GM Kelly McCrimmon is now tasked with trying to keep as much of his Cup-winning core intact as possible.  He has already made some moves that were on the original version of this checklist but here’s what’s left for them to work on.

Goalie Moves

It’s interesting that Adin Hill’s reported two-year extension that was reportedly agreed to over the weekend has yet to be registered with the league compared to someone like Ivan Barbashev, whose deal was agreed to and registered on Wednesday.  Speculatively, this could be related to tagging space since LTIR players (like Robin Lehner) count against that limit.  Because we’re not in the new league year yet, the tagging rate is 10% above the $82.5MM cap.  In the offseason, you can go 10% above the new cap level, or $83.5MM while offseason LTIR is also an option if needed.

Not registering the deal now gives them some extra flexibility in the short term as they have $1.1MM less in spending allowance before Saturday to fit Hill’s contract into.  This likely played a role in Barbashev’s deal getting announced only after they moved Reilly Smith.  This isn’t anything to be concerned about if you’re a Vegas fan as this is just a bit of CBA minutia but they will have to get Hill’s contract finalized in the coming days.

Speaking of goalies, they need to make a determination about Lehner’s future.  With Hill’s pending new contract, it appears that they don’t think Lehner will be able to return next season.  If that happens, they can put him on LTIR as they did this past season.  But it’s also possible that they want to clear that contract off the books as they did with Shea Weber’s deal at the trade deadline.  Deciding if it’s worth parting with an asset to free up the contract slot will be a small item on McCrimmon’s list.

They will also need to decide if they want to carry a veteran third-stringer behind a tandem of Hill and Logan Thompson which is still relatively inexperienced all things considered.  They’ve had one in place the last two years with Laurent Brossoit and Michael Hutchinson but among the three other netminders signed for next season, none have any NHL experience while pending RFA Jiri Patera has just two appearances.  This is another small item on the list but with free agency almost here, it’s a decision that will need to be made quickly.

Work On Marchessault Extension

It’s safe to say that Jonathan Marchessault has worked out well as their expansion pick from Florida back in 2017.  The 32-year-old is their franchise leader in goals, assists, and points and is coming off a playoff performance that saw him lead the league in goals with 13, helping him take home his first Conn Smythe Trophy as playoff MVP.  That’s certainly a nice ending to his campaign and will give him some extra leverage as he becomes eligible to sign a contract extension as of Saturday.

Marchessault signed a six-year, $30MM deal just months into his tenure with Vegas and it has held up well through the first five seasons.  However, it’s safe to say that it’s going to take a higher AAV for him to put pen to paper on an extension, especially this far out from his free agent summer.  Yes, the Upper Limit of the cap is expected to jump but he turns 33 in December and wingers don’t typically show offensive improvement at that time.

Marchessault has reached the 30-goal and 60-point mark just once in the last five years and as he gets older, he should move more into a middle-six role.  Is that a lineup spot that they should be committing a pricey long-term contract to?  On the other hand, he’s one of the original ‘misfits’ and while the Golden Knights have made some moves that could be described as callous along the way, it’s possible that they could allow sentimentality to come into play with Marchessault.  At this point, an AAV of around $6MM on a medium-term extension might be needed.  Expect discussions on a new deal to happen at some point this summer.

Try To Create More Cap Space

At the moment, Vegas has around $7.6MM in cap room for next season, per CapFriendly.  That amount includes them using Lehner’s full LTIR space and does not count Hill’s expected contract, one that is expected to carry an AAV of around $4.9MM.  Basically, they’re going to have around $2.7MM at their disposal and that’s with a couple of forward spots to try to fill.  It’s a manageable situation but is one that would leave them in a spot where they’d have limited flexibility for any in-season activity.  While they’re more than used to being in that situation, it’s still one that they might want to avoid.

To do that, they’re probably going to look at dealing from their defensive depth.  Veteran Alec Martinez has a $5.25MM AAV and one year remaining on his deal.  The 35-year-old is still a serviceable piece but is better served as being more of a depth defender at this stage of his career.  In this market, clearing the full contract would be difficult but even if they’re able to move him with some retention, it’d help to free up some wiggle room.

Failing that, they can look to their depth players.  Ben Hutton has an AAV that’s just $25K above the league minimum that could be appealing to a team looking for cheap depth.  Meanwhile, prospect Brayden Pachal is now waiver-eligible and if the Golden Knights envision him not breaking camp with them, trying to move him now for a waiver-exempt asset would open up a bit more flexibility.  Doing something like this isn’t necessarily a must but a bit more wiggle room on the cap wouldn’t hurt.

Decide Howden’s Future

Vegas has a couple of RFA forwards to re-sign, center Brett Howden and winger Pavel Dorofeyev.  Dorofeyev’s contract should be somewhat straightforward as the youngster only has 20 NHL games under his belt so he’ll be signing for close to the league minimum of $775K.  But Howden’s will be a little trickier to navigate.

The 25-year-old is owed a $1.5MM qualifying offer by tomorrow’s 4 PM CT deadline.  However, the offer also carries salary arbitration eligibility which is something they might want to avoid.  Howden’s coming off a quiet year offensively with just 13 points in 54 games but with 279 career regular season appearances under his belt, he has enough of a track record to land a raise in a hearing.  Obviously, Vegas can’t afford to give him too much of one.

Do they manage to get something done in the next 24 hours that takes away the arbitration risk?  If not, are they comfortable tendering the qualifier?  Howden is coming off a nice playoff run and is someone they will want to keep around but there comes a point where he’s going to cost too much for the role he fills.  He’s not all that far from that spot so getting something done soon would certainly be desirable.

Photo courtesy of USA Today Sports Images.

Vegas Golden Knights Extend Ivan Barbashev

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After dealing Reilly Smith just hours earlier, the Vegas Golden Knights have put their cap space to use. They’ve signed top pending unrestricted free agent forward Ivan Barbashev to a five-year, $25MM extension, earning him $5MM per season. That’s significantly shorter and cheaper than what Barbashev was expected to earn on the open market. PuckPedia has the breakdown of the deal:

2023-24: $3MM base salary, $4MM signing bonus, eight-team no-trade clause
2024-25: $5.4MM base salary, eight-team no-trade clause
2025-26: $4.2MM base salary, eight-team no-trade clause
2026-27: $4.2MM base salary, five-team no-trade clause
2027-28: $4.2MM base salary, five-team no-trade clause

This has now become a money-in, money-out move for the Knights, who’ve swapped Smith’s $5MM cap hit for Barbashev’s, retaining the younger player (with more term) in the process. The move takes Barbashev, who was ranked eighth on our list of the top 50 UFAs, off the open market sooner than most had expected.

The two-time Stanley Cup champion has seemingly sacrificed a bit on his big payday in hopes of running it back. It’s quite a cheap deal, especially considering the lack of significant trade protection included in the contract.

That being said, it’s a good bit of business here for Vegas to keep Barbashev in the organization after he emerged as a true top-six threat down the stretch. While he’s not incredibly strong defensively, extended time on the wing has done Barbashev well, and he seems likely to be a consistent long-term fixture – just not as a center as the St. Louis Blues tried with him many times.

The Blues’ 2014 second-round pick was one of the hotter commodities at this year’s trade deadline, where Vegas picked him up in a one-for-one swap for prospect Zach Dean, who the Knights selected 30th overall in 2021. Barbashev proceeded to find a home as the left wing on a line with Jack Eichel and Jonathan Marchessault, finishing fifth on the Knights in playoff scoring with 18 points in 22 games. He also recorded 16 points in 23 regular-season games with Vegas after notching 6o points in a full season for the first time in 2021-22 with St. Louis.

Barbashev will undoubtedly reprise his first-line role next season, and he’ll look to start his new extension off strong by setting a career-high in points alongside one of the best centers in the league and the reigning Conn Smythe Trophy winner.

Of significance, the Golden Knights will once again be over the salary cap once Adin Hill’s reported two-year, $4.9MM average annual value extension becomes official. That could be alleviated, though, if Robin Lehner and his $5MM cap hit are destined for long-term injured reserve next season.

Pittsburgh Penguins Acquire Reilly Smith

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Just days after winning the Stanley Cup, the Vegas Golden Knights are moving on from original expansion draft acquisition Reilly Smith. He’s been dealt to the Pittsburgh Penguins for a 2024 third-round pick, one the Penguins acquired from Vegas just a few months ago in exchange for center Teddy Blueger.

To say this move is a shock to most fans is an understatement. While cap-clearing moves have become commonplace in recent history, especially in Vegas, Smith had a spectacular postseason run for the Knights with four goals and 14 points in 22 games. At the time of the trade, he was second in franchise history in goals (124) and third in points (286), joined in the top three by longtime linemates Jonathan Marchessault and William Karlsson.

Smith, 32, has two seasons remaining on his contract at a $5MM cap hit. Of note, this is the first trade completed by Kyle Dubas as interim general manager of the Penguins.

Parting ways with that $5MM, as tough as it may be, gives Vegas significant flexibility into an offseason clouded by uncertainty over the playing future of goaltender Robin Lehner, who missed the entire 2022-23 season recovering from double hip surgery and is under contract, as Smith is, for $5MM per season until 2025. With netminder Adin Hill expected to sign a two-year extension in the neighborhood of $4.9MM per season, clearing Smith’s cap hit leaves the Knights with about $3.5-$4MM in space should Lehner be healthy next season.

In Smith, Pittsburgh may not be getting any younger, but they are getting a spectacularly consistent winger with good ability on both the power play and penalty kill. A well-rounded talent, his 26 goals this season were one short of his career high, set with Vegas in the 2019-20 season. He could very well slot in on Pittsburgh’s second line with Evgeni Malkin and Rickard Rakell.

With the Smith acquisition, it seems improbable that Pittsburgh will extend Jason Zucker, who held the top-six spot in the lineup Smith is expected to replace. The 31-year-old will be one of the better options on the UFA market among left wingers after recording 27 goals and 48 points in 78 games this year.

What exactly Vegas does with its newfound cap space remains to be seen. If they learn Lehner could be an LTIR candidate next season in the near future, they’d likely have enough flexibility to get a deal done to retain winger Ivan Barbashev. There’s no telling how long it will take to glean clarity into Lehner’s playing future, though, and Vegas will be forced to operate under the expectation they won’t have his LTIR relief until proven otherwise. If that’s the case, they could still sign a middle-six winger on the free agent market who’d command around the $2MM mark.

It’s still a bittersweet day for Knights fans, who have now lost fan favorites Smith, Marc-Andre Fleury, and Max Pacioretty to similar salary-dump moves in each of the last three offseasons.

ESPN’s Kevin Weekes was first to report the trade.

Vegas Golden Knights Sign Brayden Pachal

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The Vegas Golden Knights have finished their celebration and are ready to work. Today, they’ve secured some of their minor league depth by signing Brayden Pachal to a two-year contract extension. Pachal was set to become a restricted free agent with arbitration rights.

Serving as the captain of the Henderson Silver Knights. the undrafted defenseman registered 15 points in 55 AHL games, and suited up ten times for the Golden Knights. Still just 23, the former Prince Albert Raiders star has steadily improved his game, and now finds himself on the fringe of making an NHL roster.

Pachal’s new contract will carry an average annual value of $775K, making him an inexpensive option should the Vegas front office and coaching staff believe he’s ready for more action.

At the very least, he’s set for another season leading Henderson, though he’ll have to clear waivers to be assigned to the minor leagues.

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