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Waivers

Trade Rumors: Kuemper, Laine, Penguins

September 26, 2020 at 6:20 pm CDT | by Zach Leach 4 Comments

There are many factors that have contributed to Darcy Kuemper being one of the most talked-about names on the rumor mill over the last couple of months. The first and most important is simply that the Arizona Coyotes must shed salary this off-season. The team is arguably in the worst salary cap situation of any NHL club, lacking any room to maneuver under the cap ceiling but with several restricted free agents and superstar trade acquisition Taylor Hall in need of new contracts. One area where they can trim the fat is in net, where Kuemper and Antti Raanta combine for $8.75MM against the cap and Adin Hill is also signed to a one-way contract and will need to clear waivers this season. Of the three, not only does Kuemper carry the highest cap hit, he is also undoubtedly the most valuable on the trade market. The 30-year-old was one of the best goalies in the NHL this season and is signed for two more years at a bargain relative to his performance. While this is seemingly a perfect storm of reasons why Kuemper should be dealt, new GM Bill Armstrong won’t let him go that easy. AZ Sports’ Craig Morgan reports that after Armstrong was hired last week, the asking price for Kuemper went up. An offer must now surpass the value of just one first-round pick in order to pry the talented netminder out of Arizona. If they are not satisfied, the Coyotes will not trade Kuemper. Although his trade value is depleted after a pair of injury-plagued seasons, the team could get nearly as much cap savings from moving Raanta, whose contract expires after this season. While Kuemper is the morename, don’t be surprised to see Raanta move instead barring a top-notch offer.

  • Patrik Laine is another one of the hot names on the rumor mill right now, with reports that the Winnipeg Jets are “serious” about moving the young scoring forward. However, Sportsnet’s Ken Wiebe doused those flames somewhat by stating that the Jets’ priority is still to re-sign Laine. It would be difficult for the team to get fair value for Laine and although they have more pressing needs than winger elsewhere on the roster, they could very well be better off holding on to the 22-year-old. A restricted free agent after next season, Laine will command a substantial salary that Winnipeg may find difficult to afford. Yet, Wiebe believes that current trade talks may be overblown so long as the two sides are still amenable to an extension, believing a trade to be more likely next summer – if a deal cannot be reached – rather than pulling the trigger early this off-season. Unless the Jets get exactly what they ask for in exchange for Laine, they have time before they need to get too serious about a trade.
  • The most active team on the trade market so far has been the Pittsburgh Penguins, but things may begin to slow down for GM Jim Rutherford and his club. In a radio interview on Friday, Rutherford stated that his recent acquisition of defensemen Michael Matheson is not a precursor to another major trade regarding his top defensemen. Although there is a considerable logjam on the left side of the Pittsburgh blue line, top-four lefties Brian Dumoulin and Marcus Pettersson will not be traded. Matheson is expected to play on the left side of the team’s third pair, forcing Jack Johnson and Juuso Riikola to compete for a starting job on their off-side with righty Chad Ruhwedel. Matheson’s acquisition has also squashed the Penguins’ interest in free agent defenseman Chris Tanev and others, as Rutherford added that he does not anticipate adding to his defense corps on the open market.

Injury| Jim Rutherford| Pittsburgh Penguins| Utah Mammoth| Waivers| Winnipeg Jets Adin Hill| Antti Raanta| Brian Dumoulin| Chad Ruhwedel| Darcy Kuemper| Jack Johnson| Juuso Riikola| Marcus Pettersson| Michael Matheson| Salary Cap| Taylor Hall| Trade Rumors

4 comments

Ottawa Senators Buy Out Bobby Ryan

September 26, 2020 at 11:01 am CDT | by Gavin Lee 17 Comments

After clearing waivers on Saturday, the Senators announced that they have officially bought out the final two seasons of Bobby Ryan’s contract. GM Pierre Dorion released the following statement on the move:

This was a decision that required a lot of consideration. Bobby’s long been a deserving fan favourite in Ottawa. While we’re appreciative of his efforts on the ice, it’s outweighed by how proud we are of him for the courage that he has demonstrated off of it. As we continue to take strides in our rebuild, this decision was one that we felt was best for the organization. We wish he and his family the best as he moves forward.

The Masterton Trophy winner had two years remaining on a seven-year, $50.75MM contract he signed back in 2014 ($7.25MM AAV). The buyout saves the Senators $3.67MM in each of the next two seasons, but apply a $1.83MM penalty for the following two. The full cap hit will now be as follows:

  • 2020-21: $3,583,333
  • 2021-22: $3,583,333
  • 2022-23: $1.833,333
  • 2023-24: $1,833,333

Ryan, 33, had been with the Senators since the 2013-14 season, scoring 107 goals and 266 points over 455 games. This year he suited up just 24 times, leaving the team for a chunk of the season to deal with his addiction problems. Upon his return, he provided one of the most emotional moments of the year when he notched a hat trick in his first game back in Ottawa.

Coming into the league as a dominant presence for the Anaheim Ducks, Ryan recorded 30 or more goals in four straight seasons, hitting a career-high of 71 points in 2010-11. His deteriorated play in recent years made this an easy choice for the Senators though, one that was even discussed in years prior as his goal totals fell. The simple fact was that he can no longer provide the kind of value required for a $7.25MM cap hit, especially as finances are tightened league-wide.

That said, Ryan now becomes an unrestricted free agent that is able to sign a new contract with whatever team he chooses. For a much lower cap hit, perhaps someone believes they can bring back some of his production. After all, Ryan did score four goals in eight games after returning from the Player Assistance Program.

For the Senators, it’s not so much about the cap space (as they have more than they’ll ever need) but the actual salary owed. Ryan was due $7.5MM in each of the remaining two seasons, a total of $15MM that will be reduced to $11.3MM after the buyout.

His removal from the roster will also provide more minutes for the young Senators core, a group that is actually quite impressive. Not only do they have one of the best prospect systems in the league already, but Ottawa also has seven picks in the first two rounds and thirteen overall this year.

TSN’s Darren Dreger was the first to report that Ryan’s deal was being bought out.

Photo courtesy of USA Today Sports Images

Newsstand| Ottawa Senators| Waivers Bobby Ryan

17 comments

Qualifying Offer Deadline Set For October 7

September 14, 2020 at 9:08 pm CDT | by Zach Leach 6 Comments

Given the added pressure applied by the flat salary cap, restricted free agent negotiations will take on even greater importance this off-season. That process is set to begin in just over four weeks, as TSN’s Pierre LeBrun reports that the deadline for teams to submit qualifying offers to their restricted free agents has been set for 4pm CT on Wednesday, October 7.

In order for any team to retain their rights to a restricted free agent, the team must submit a qualifying offer. This value is based on the RFA’s expiring contract; a base salary greater than or equal to $1MM is only owed a matching offer, while a base salary less than $1MM is owed a qualifying offer of 105% of the base (a base salary less than $660K is owed 110%). New this year is also a rule pertaining to those contracts signed after July 10 for the purpose of burning an entry-level contract. Those players may receive a qualifying offer up to 120% of their base salary.  A qualifying offer must also be a one-way contract if the player has played in at least 171 NHL games over the past three seasons combined and at least 51 NHL games in 2019-20, and did not clear waivers this season.

Those RFA’s who do receive qualifying offers are then able to sign those offers when the new league year begins at 11am CT on Friday, October 9. Those offers expire on Sunday, October 18 at 4pm CT. Even if a player does not sign their QO, the issuing team maintains the player’s rights simply by making the offer. A restricted free agent can only be signed to a new team by way of an offer sheet.

As for those RFA’s who do not receive qualifying offers, they become unrestricted free agents and join the open market on October 9. Given the cap crunch that many teams are facing, this has a chance to be an unprecedented year when it comes to the RFA market. Teams will have to seriously think about the opportunity cost of extending or in some cases increasing the salaries of some of their current young players. It will be interesting to see what happens when the deadline approaches on October 7.

RFA| Waivers Salary Cap

6 comments

Lightning Place Oleg Sosunov On Unconditional Waivers

August 16, 2020 at 1:30 pm CDT | by Brian La Rose 4 Comments

Sunday: CapFriendly reports that Sosunov has cleared waivers.

Saturday: The Lightning have placed defenseman Oleg Sosunov on unconditional waivers, reports CapFriendly (Twitter link).  This would appear to be a step towards paving the way for his release assuming he passes through unclaimed.

The 22-year-old was a sixth-round pick of Tampa Bay (178th overall) back in 2016 out of Yaroslavl in Russia.  While his offensive numbers weren’t anything spectacular, his size (he stands 6’9) was deemed worthy of a late-round flyer.  He transferred to Moose Jaw of the WHL in 2017 and had a good season where which helped earn him an entry-level deal.

Unfortunately for the Lightning, the improvements made there haven’t translated to the pros.  After splitting his rookie season between AHL Syracuse and ECHL Orlando, Sosunov spent most of this season in Orlando, picking up just a single assist in 21 games.

At this point, it seems unlikely that Sosunov will be able to make it to the NHL and that he was probably heading for the ECHL again next season.  Terminating his deal which has one year remaining will give him a chance to catch on somewhere overseas while freeing up a contract spot for the Lightning.  That may not seem too important but right now, they’re at the maximum of 50 so his removal will give them a little bit of flexibility if they need to make a trade before the change to the 2020-21 calendar year in mid-October.

Tampa Bay Lightning| Waivers

4 comments

Niclas Westerholm Placed On Unconditional Waivers

July 15, 2020 at 2:17 pm CDT | by Gavin Lee Leave a Comment

The Nashville Predators are clearing a contract slot for next season, placing Niclas Westerholm on unconditional waivers for the purpose of a contract termination. Westerholm’s current entry-level deal was set to extend through the 2020-21 season, but he will become a free agent should the termination go through tomorrow.

A 22-year old goaltender, Westerholm signed with the Predators in 2018 after playing in Finland’s top league. He stayed overseas for the last two seasons on loan from Nashville and posted an .890 save percentage in 40 games this year. With no obvious path to the NHL with the Predators, Westerholm will likely stay in Europe and continue his development. Technically he will be allowed to sign with another NHL team once his termination is official and he becomes an unrestricted free agent.

The Predators already have 37 contracts on the books for next season (of their allotted 50) and have plenty of players to re-sign. Letting someone like Westerholm go will allow them to add someone else on an entry-level deal that may have a brighter future in the organization.

Nashville Predators| Waivers

0 comments

Coyotes Place Andy Miele On Unconditional Waivers

July 11, 2020 at 11:53 am CDT | by Brian La Rose Leave a Comment

Andy Miele’s time in North America appears to be coming to an end…again.  Craig Morgan of AZ Coyotes Insider reports (Twitter link) that the center has been placed on unconditional waivers for the purpose of contract termination.

A prolific scorer at the college level, the 32-year-old has carved out a reasonable career for himself as a top producer at the lower levels but it has failed to materialize into much of an NHL opportunity as he has just 15 games under his belt, all with Arizona in his first stint with the team after he left Miami (Ohio).

Last July, he decided to make the trek back from the KHL and signed a two-year deal with the Coyotes that guaranteed him at least $350K per year.  However, he never made it past the AHL and while he was quite productive with the Tucson Roadrunners with 15 goals and 33 assists in 58 games, it sounds as if he wants to go back overseas as he was linked to return to Torpedo Nizhny Novgorod where he spent the 2018-19 campaign.

Assuming he clears waivers at 11 AM CT on Sunday, the Coyotes will be able to release Miele from his contract with no salary cap penalty.

Utah Mammoth| Waivers Andy Miele

0 comments

Former Colorado Prospect Igor Shvyrev Signs In The KHL

June 12, 2020 at 12:10 pm CDT | by Gavin Lee 2 Comments

June 12: Shvyrev has signed a two-year contract with Metallurg Magnitogorsk, the KHL team announced.

May 28: According to CapFriendly, Shvyrev has cleared waivers.

May 27: Though it won’t grab many headlines after the league’s announcement yesterday, there is a little bit of other hockey news today. The Colorado Avalanche have placed Igor Shvyrev on unconditional waivers for the purpose of a contract termination. Shvyrev’s entry-level contract was scheduled to expire at the end of the 2020-21 season.

The 21-year old Shvyrev was a fifth-round draft pick of the Avalanche back in 2017 and came over to North America after just one more season in the KHL. In 2018-19 with the Colorado Eagles he recorded 13 points in 57 games, but still showed enough flash and promise to excite Colorado fans. Unfortunately things stagnated this season, with Shvyrev often seeing only fourth-line duty with the Eagles. He scored just nine points in 49 games and now looks like he’s headed back home.

Technically he will become an unrestricted free agent allowed to sign with any other NHL organization for the 2020-21 season, but it seems likely that the young forward will return to the KHL. Colorado will not retain any exclusive rights but will gain a contract slot moving forward.

Colorado Avalanche| KHL| Waivers

2 comments

Ondrej Vala Placed On Unconditional Waivers

June 9, 2020 at 11:16 am CDT | by Gavin Lee Leave a Comment

The Dallas Stars have placed Ondrej Vala on unconditional waivers for the purpose of a contract termination. Vala’s entry-level contract was set to extend through the 2020-21 season, but after finding himself playing mostly in the ECHL the past two seasons he will likely pursue other opportunities.

Vala, 22, is a Czech-born defenseman who spent three seasons in the WHL before signing with the Stars as an undrafted free agent. During his time in the organization he has played just a handful of games at the AHL level, instead spending most of his time with the Idaho Steelheads. In 115 career ECHL games, the 6’4″ defenseman has 28 points and 85 penalty minutes.

A two-time representative for the Czech Republic at the World Juniors, he is likely headed back to Europe to continue his career.

Dallas Stars| ECHL| Waivers

0 comments

New York Rangers Place Sean Day On Unconditional Waivers

May 31, 2020 at 11:22 am CDT | by Holger Stolzenberg 5 Comments

Sunday: Friedman reports that Day has cleared waivers and now will see his contract terminated.

Saturday: The New York Rangers have placed once-heralded top prospect Sean Day on unconditional waivers with the purposes of terminating his contract, according to CapFriendly. Day, who was given exceptional status to play in the OHL a year early in 2013-14, never was able to capitalize on his talent. Sportsnet’s Elliotte Friedman confirmed the move.

Day’s name will always be synonymous for being granted exceptional status of an under age player, an honor that has only been awarded to six players in the CHL, including John Tavares, Aaron Ekblad, Connor McDavid, Joe Veleno, Shane Wright and Day. Most of those players went on to be NHL stars with Veleno having finished a solid rookie season in the AHL, while Wright is considered to be a top candidate to be the top-overall pick in the 2022 draft. Day, however, has been the one player which looks like a mistake and this move only further emphasizes that.

Day, who was considered to be an elite skater, didn’t dominate in the OHL like many expected, although he was still good enough for the Rangers to select the blueliner in the third round back in 2016. However, after two pro seasons in the AHL and ECHL, Day wasn’t close to getting an opportunity with the NHL squad. In fact, the 22-year-old’s play decreased. He played 46 games with the AHL’s Hartford Wolf Pack and 19 games with the ECHL’s Maine Mariners in 2018-19, but ended up playing more in Maine this past season (36 games), compared to Hartford, where he appeared in just 16 games with a goal and four points.

New York Rangers| OHL| Waivers

5 comments

Pittsburgh Penguins Place Linus Olund On Unconditional Waivers

May 29, 2020 at 11:21 am CDT | by Gavin Lee Leave a Comment

Friday: Olund has cleared waivers according to CapFriendly.

Thursday: The Pittsburgh Penguins are clearing a contract slot today, placing Linus Olund on unconditional waivers for the purpose of a contract termination. Olund’s entry-level contract extended through 2020-21, but he will be allowed to pursue other opportunities should he clear waivers tomorrow.

This move comes without much surprise, given that Olund played this season in Sweden on loan from the Penguins anyway. The 22-year old forward spent the 2018-19 season with the Wilkes-Barre/Scranton Penguins after signing his deal, but managed just 15 points in 61 games and returned to the SHL this year.

A contract termination would technically make him an unrestricted free agent able to sign with another NHL organization, but it seems more likely that Olund will be spending the foreseeable future in Sweden’s top league.

Pittsburgh Penguins| SHL| Waivers

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