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Brett Connolly, Henrik Borgstrom Clear Unconditional Waivers

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July 12: Both players have cleared waivers and will be bought out today, making them unrestricted free agents.

July 11: The Chicago Blackhawks have started the buyout process for two players, placing Henrik Borgstrom and Brett Connolly on unconditional waivers today. Because he is under the age of 25, the team will only be on the hook for one-third of Borgstrom’s remaining salary. As a result, they will receive the following cap penalties moving forward:

  • 2022-23: $1,166,667 (Connolly) + $83,334 (Borgstrom)
  • 2023-24: $1,166,667 (Connolly) + $183,334 (Borgstrom)

The two forwards actually arrived in Chicago the same way, through a trade with the Florida Panthers in 2021 that saw Lucas Wallmark and Lucas Carlsson go the other way. While Riley Stillman remains from that deal, it was Borgstrom that was considered a big part of the return, having been a first-round pick by the Panthers in 2016.

After just 52 games with Chicago he’ll hit the market as an unrestricted free agent, an interesting addition just before things open up on Wednesday. While he has just 26 points in 110 games, Borgstrom is still just 24 (he’ll turn 25 next month) and possesses an interesting skill/size mix that could intrigue some teams.

Connolly meanwhile has a much longer track record at the NHL level but not a very good one the last few years. He scored 19 goals and 33 points in 2019-20 but then was an absolute ghost during the 2020-21 season, registering just six points in 31 total games. This season, he spent most of the year at the minor league level with the Rockford IceHogs and although he performed well there, it’s not much of a platform for a free agent deal.

These buyouts continue general manager Kyle Davidson’s rapid house cleaning, and represent another head-scratching move for the young executive. Borgstrom’s contract, which had just one year left on it and carried a cap hit of $1MM, could have been buried entirely in the minor leagues. This buyout will save them around $733K in actual dollars, but now actually has a slightly negative effect on the cap situation.

In fact, it wouldn’t be entirely unreasonable to see a team claim Borgstrom before the buyout can be finalized tomorrow, given how little risk would be involved.

Philadelphia Flyers To Buy Out Oskar Lindblom

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The Philadelphia Flyers have placed Oskar Lindblom on unconditional waivers for the purpose of a buyout, which will clear a considerable amount of cap off the books for next season. Lindblom’s deal has one year left on it at a cap hit of $3MM, but because of his age, they are only required to pay out one-third of the remaining salary.

That will result in a cap credit of $333,333 for the 2022-23 season, and a cap penalty of $666,667 for 2023-24. The team has also announced that in recognition of Lindblom, they will be making a $100,000 donation to a local organization that supports families impacted by cancer. General manager Chuck Fletcher released a statement:

This was a very difficult decision to make and one that we spent a lot of time examining. No one can question the desire, will and strength to overcome all that Oskar has been through off the ice in order to return to the game he loves. Further, Oskar’s commitment to his teammates and impact in our room has been immeasurable. He is truly an inspiration to us all and he will always remain a special part of the Philadelphia Flyers family. We wish him all the best as he continues his NHL career.

This move will essentially clear $3.33MM for the Flyers as they prepare for free agency tomorrow, with rumors also swirling about the future of James van Riemsdyk and his $7MM cap hit. The team has made very clear that they have no intention of rebuilding, making them potential players in several big names tomorrow.

For Lindblom, there is little doubt that another NHL team will give him a chance. After making his way back from a cancer diagnosis, he hasn’t quite reached the level he showed in the early part of his career but still contributed 12 goals and 26 points this season. The 25-year-old is a talented goal-scorer and has already overachieved his fifth-round draft position.

Importantly, if a team were to sign him to a one-year deal, Lindblom would once again be a restricted free agent at its conclusion, meaning any interested club could potentially land some important control for a relative bargain.

New Jersey Devils To Buy Out Janne Kuokkanen

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Though the buyout period is listed as ending today, it is a little misleading. Today is the deadline to place players on waivers for the purpose of a buyout, meaning there could be another flood of names hitting the open market in a few hours. One of those is expected to be Janne Kuokkanen, according to PuckPedia, who will be bought out by the New Jersey Devils.

Because he is still just 24, the Devils would be on the hook for just one-third of Kuokkanen’s remaining contract, and would incur the following cap penalties:

  • 2022-23: $200K
  • 2023-24: $325K

Since he is currently carrying a cap hit of $1.825MM and is owed $2.05MM in salary the buyout represents considerable savings in both dollars and salary cap space this season. With the team hoping to contend for the playoffs, that money can be better used after the disappointing 2021-22 campaign that Kuokkanen endured.

With just six goals and 17 points in 57 games, the young forward didn’t take the expected step forward and now finds himself without a home for next season. Originally selected in the second round by the Carolina Hurricanes, there is enough talent to play at the NHL level, just not enough (so far) to make much of an impact.

Bottom-of-the-lineup forwards are getting squeezed all over the league this year as the hard cap continues to make it difficult to pay more than the minimum for fringe roster players, and Kuokkanen will join the rest of those unqualified yesterday as late entrants to the free agent market.

Ottawa Senators To Buy Out Colin White

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July 6: White has cleared waivers, meaning the Senators can now exercise the buyout.

July 5: The Ottawa Senators have placed Colin White on unconditional waivers for the purpose of a buyout, ending his time with the team. Because White is still just 25, the Senators will be on the hook for just one-third of the salary remaining on his contract. It will result in the following cap charges:

  • 2022-23: $875K
  • 2023-24: $875K
  • 2024-25: $-$625K*
  • 2025-26: $875K
  • 2026-27: $875K
  • 2027-28: $875K

*Because of the way the contract is structured, the team will actually receive a cap credit in the 2024-25 season.

White had three years remaining on the six-year, $28.5MM deal he signed in 2019 after his first full season in the NHL. When he scored 41 points that year, it appeared as though he was going to be a long-term option in the top-six, potentially even as a future first-line center for the team. Things were never the same after that, with just 51 points in the 130 games since, and plenty of time on injured reserve.

Once the buyout goes through tomorrow, the 2015 first-round pick will sit with more than 220 games of NHL experience and no team, meaning he could be a nice buy-low candidate for a contender looking to add skill around the margins. White has put up strong possession numbers his entire career, though that usually hasn’t resulted in actual offensive success. He also has almost no playoff experience, playing in just one postseason game during the team’s 2017 run.

For the Senators, who operate on an internal budget, a move like this represents savings of $10.5MM in actual salary. The cap change isn’t really all that meaningful for this year, though the Senators could very well be pushing up close to the cap ceiling in the next few years if players like Alex Formenton, Joshua Norris, and Tim Stutzle all sign long-term deals as restricted free agents.

Clearing White’s money off the books not only allows the team to spend more on their other young forwards but also opens up a roster spot for some of their prospects to battle over. It had become very clear that White had played his way out of the team’s long-term plans, meaning a split now was the obvious choice. Had they waited until next year, when he will be 26, they would have had to pay two-thirds of the remaining salary instead.

Photo courtesy of USA Today Sports Images

Offseason Notes: Chychrun, White, Dallas

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It’s been a while since we’ve heard Jakob Chychrun’s name atop trade rumors, especially when considering how he was viewed as one of the hottest commodities ahead of the Trade Deadline. It’s not often an under-25 defenseman with top-pairing pedigree becomes available, but the Arizona Coyotes decided not to move him just yet. That could change, however, as the Columbus Dispatch’s Brian Hedger reports that the Blue Jackets and Coyotes are talking about a deal. While he couldn’t offer Chychrun’s name specifically, he also reminds that Blue Jackets general manager Jarmo Kekalainen has said that the team could move their 12th overall pick at the 2022 draft in exchange for a young NHL player with term.

Chychrun certainly fits that bill, signed at just $4.6MM through 2025. It also matches up with the rumblings that Columbus is looking to add aggressively on defense, as multiple reports suggested they were in discussions with the Tampa Bay Lightning about landing Ryan McDonagh. If Arizona acquired the 12th overall selection, it would give them a jaw-dropping four first-round picks in addition to their five second-round picks.

  • There’s significant interest in soon-to-be free agent Colin White after he was placed on waivers for the purpose of a buyout today by the Ottawa Senators. TVA’s Renaud Lavoie reports that up to 14 NHL teams have shown interest in White over the past few months, which could lead to a significant bidding war for his services once free agency opens. TSN’s Darren Dreger specifically names the Montreal Canadiens as a team that could be a fit, as general manager Kent Hughes was his agent prior to getting hired in Montreal.
  • The Fourth Period’s David Pagnotta says the Dallas Stars are looking to add a significant punch at forward this offseason, specifically to add a jump to a line with Jamie Benn and Tyler Seguin. Dallas will reportedly be active on both the trade and free-agent markets, looking to be aggressive and squeeze out whatever this core has left in them to try and win a championship. Neither Benn nor Seguin, who are making above $9MM per season each, cracked the 50-point mark last year.

Matt Tennyson Clears Unconditional Waivers

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July 3: Per TSN’s Chris Johnston, Tennyson has cleared unconditional waivers and will have his contract terminated.

July 2: The Predators will be parting ways with one of their defensive depth pieces as Sportsnet’s Elliotte Friedman reports (Twitter link) that they’ve placed defenseman Matt Tennyson on unconditional waivers for the purposes of terminating his contract.

The 32-year-old was set to enter the second and final season of a two-year, two-way contract that pays the NHL minimum of $750K in the NHL and $325K in the minors.  Tennyson got into eight games with the Predators this past season, recording three assists while averaging nearly 13 minutes a night.  He spent most of the year with AHL Milwaukee, recording 14 points in 53 games along with 44 penalty minutes.

PuckPedia clarifies (Twitter link) that Tennyson’s placement is for termination purposes, not a buyout.  That certainly makes sense as going that route won’t result in any salary cap charges for next season whereas a buyout would have put $250K on Nashville’s salary cap for each of the next two seasons and cost more in salary dollars than the $325K he’d be owed in the minors.  In the meantime, with Tennyson requesting a contract termination, it will be interesting to see what opportunity he has lined up elsewhere assuming he passes through waivers unclaimed on Sunday.

Amir Miftakhov Clears Unconditional Waivers

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Sunday: Miftakhov has cleared waivers, Friedman reports.

Saturday: Today is the first day that players can be placed on unconditional waivers for the purposes of buying out a contract.  There is a player on unconditional waivers today, albeit for another reason, as Sportsnet’s Elliotte Friedman reports (Twitter link) that the Lightning have placed goaltender Amir Miftakhov on unconditional waivers for the purpose of terminating his contract.

The 22-year-old was a sixth-round pick of Tampa Bay back in 2020 (186th overall) after some promising performances in the VHL, a second-tier league in Russia.  After spending 2020-21 between the KHL and VHL, the Lightning had seen enough to give Miftakhov a three-year, entry-level deal with an eye on trying to develop him as a goalie of the future.

However, things didn’t go well in Miftakhov’s first season in North America.  He split his time between AHL Syracuse and ECHL Orlando and while he had a decent showing in five games with the Solar Bears, the same couldn’t be said for how he performed with the Crunch.  He posted a save percentage of just .891 along with a GAA of 3.03 in 22 games and was relegated to third-string status in the playoffs behind veteran Maxime Lagace and prospect Hugo Alnefelt.  That appears to be enough for the two sides to agree that parting ways is the best approach.

Teams will have until 1 PM CT on Saturday if they want to place a claim on Miftakhov if they believe he’s worthy of some development in the minors.  Assuming the goalie clears, he’ll become an unrestricted free agent and at this point, returning to play back home in Russia is a likely scenario.  If his deal is terminated, Alnefelt will be the only Tampa Bay goalie signed for next season beyond their NHL tandem of Andrei Vasilevskiy and Brian Elliott.

Ilya Konovalov Clears Unconditional Waivers

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June 9: Konovalov has cleared waivers according to CapFriendly and has had his contract terminated. He is now an unrestricted free agent.

June 8: The Edmonton Oilers still need to figure out their goaltending for next season but you can rule out at least one player. Ilya Konovalov has been placed on unconditional waivers for the purpose of a contract termination. He had one year left on his entry-level contract.

Mark Spector of Sportsnet tweets that Konovalov is headed back to the KHL.

Originally selected 85th overall in 2019, it’s sort of a surprising move for the young netminder after just one season in North America. A contract termination will make him an unrestricted free agent, whereas had the Oilers not signed him, they would have held his draft rights indefinitely.

At just 23 years old, there’s still lots of upside for Konovalov, despite his struggles with the Bakersfield Condors this season. He posted an .893 save percentage in 17 appearances, winning just five times.

Even if he is heading back to Russia, this may not be the end of Konovalov’s story when it comes to North America. He is still young enough to continue his development overseas before attracting some attention down the road.

Christian Jaros Signs In KHL

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June 9: Jaros has now officially signed a one-year contract with the KHL club.

May 30: A few months ago, Christian Jaros cleared unconditional waivers and saw his NHL contract with the New Jersey Devils terminated. That made him an unrestricted free agent, but one that had limited options as the trade deadline had already passed. The 26-year-old didn’t join another league but now may be on his way overseas.

Reporting out of Russia has Jaros linked to Avangard Omsk of the KHL for next season, which would be a notable foreign addition to the league. Many players from other countries have signed contracts elsewhere, not wanting to be involved with Russia while the invasion of Ukraine was ongoing. If Jaros does sign, it would be his first experience in the KHL, having previously played in the SHL, AHL, and NHL as a professional.

For years, Jaros has been a key part of the Slovakian national team, participating in three World Championships and helping the country qualify for this year’s Olympic Games. That’s where they won their first ever hockey medal, finishing third and taking home the bronze. Notably, Jaros wasn’t included in the World Championship roster this year.

If he does end up in the KHL, it could very well be the end of Jaros’ time in the NHL. The young defenseman has 94 games under his belt including 11 this season with the Devils but hasn’t been a regular season the 2018-19 season.

Calle Rosen Sent To AHL

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Monday: After clearing waivers yesterday, Rosen has now officially been sent back to the Thunderbirds. Springfield will start the Eastern Conference Finals on Saturday against the Laval Rocket.

Saturday: It’s rare at this time of year to see someone on regular waivers but that is indeed the case today as CapFriendly reports (Twitter link) that the Blues have placed defenseman Calle Rosen on the wire.  The move is being made with the intention of sending him back to Springfield of the AHL to assist in the playoff run for the Thunderbirds.

The 28-year-old spent most of the season in the minors but he was recalled due to injuries in late March and stayed up the rest of the play and was in the lineup for St. Louis more often than not.  Rosen wound up playing in a career-best 18 regular season games for the Blues this season, collecting seven points while averaging a little over 14 minutes a night.  In the playoffs, he played in all but three of their twelve games, once again logging over 14 minutes per contest.  He was productive in his stints with Springfield as well with 28 points in 40 AHL contests.

If someone was to claim Rosen, he’d be ineligible to play the rest of the season, even if he was picked up by a team that’s still playing.  As he’s an unrestricted free agent this summer, the likely only rationale for a team to claim him would be one of the other teams still participating in the AHL playoffs wanting to prevent Springfield from getting a key player back.  That seldom happens so there’s a good chance Rosen will clear on Sunday and will join Charlie Lindgren (who returned to the minors earlier today) as those going back to help the Blues’ affiliate make a push for the Calder Cup.

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