Carolina Signs Justin Williams To Two-Year Deal
Justin Williams is headed back to the Carolina Hurricanes on a two-year deal. TSN’s Aaron Ward tweets that the Hurricanes are bringing back Mr. Game 7, who spent five seasons with the ‘Canes before being dealt to the LA Kings during the 2008-09 season. From there Williams won two Cups with the Kings and then signed with the Washington Capitals in 2015. He won the Conn Smythe Trophy in 2014. The Hurricanes announced that the deal is worth $9MM, with Williams being paid $5MM in 2017-18 and then $4MM in 2018-19.
The 35-year-old winger seems to get better with age, putting up 24 goals this past year with the Capitals, albeit on a great offensive squad. Those 24 goals are his highest totals since the 2006-07 season when he was with the Hurricanes. He has become known as a clutch performer, especially in the playoffs. His consistency as both a goal-scorer and a passer remain the top reasons that a team would offer that type of money at his age.
On top of that, his playoff experience stands out, having won three Stanley Cup titles, including the 2014 playoffs when he scored 25 points in 26 games. Williams brings veteran leadership to a young Canes team looking to make some noise this season in the East. With a slew of signings and trades that saw them add Scott Darling in net, Carolina is positioning themselves to take a step forward.
PHR ranked Williams as the seventh best free agent, and had him receiving a two-year deal at $6.5MM.
Morning Notes: Sharp, Bernier, Agostino
It’s been a wild few weeks for the Chicago Blackhawks, including the departures of several key players like Niklas Hjalmarsson, Artemi Panarin, and Trevor van Riemsdyk, but the Western Conference dynasty appears to be bringing back a fan-favorite when free agency opens today to help deal with those losses. The Chicago Sun Times’ Mark Lazerus reports, as speculated, that Patrick Sharp will return to Chicago for the coming season. While details of the deal – term, salary, incentives – are not yet known, the deal is expected to be made official promptly after free agency opens at noon ET. Sharp, 35, is a three-time Stanley Cup winner with the Blackhawks and an eight-time 20-goal scorer over his impressive career. Sharp was essentially forced out of Chicago in the off-season two years ago, as the ‘Hawks could not muster the cap space to re-sign the prominent forward. The Dallas Stars could, but after a strong 55-point campaign in 2015-16, Sharp struggled with injury and inconsistency this past season, recording just 18 points in 48 games. Age and health have clearly softened Sharp’s edge, but if he is going to rejuvenate his career at this age for any team, it will be in a return to Chicago and his former teammates. Sharp will join Brandon Saad as returning Blackhawks this off-season if this deal does come to fruition this afternoon.
- Adrian Dater of BSN Denver was busy late last night, breaking the news that Jonathan Bernier is expected to sign with his Colorado Avalanche today. The Avs recently lost young backup Calvin Pickard in the expansion draft and were on the lookout for a reliable backup to Semyon Varlamov. While Bernier has been rumored to sign anywhere from the Stanley Cup champion Pittsburgh Penguins to a return to the Anaheim Ducks, the fit in Colorado makes sense. One could argue that Bernier is coming off the best season of his career in 2016-17 and will have a chance to be more of a “1B” than a definite #2 with the Avalanche. Per usual, there is still no word on the details of the deal that cannot be consummated until later today.
- Dater also reported that the Boston Bruins are set to make a small, but interesting move today, as they have supposedly come to terms with AHL MVP Kenny Agostino on a short-term contract worth $850K. The high-scoring minor league left wing has seen only limited NHL action, but over the course of an 83-point season with the AHL’s Chicago Wolves last season, he also contributed a goal and two assists in seven games with the St. Louis Blues. The Bruins were known to have some concerns over the potential of Matt Beleskey and Frank Vatrano to play top-six roles on the left side next season, but were also worried about blocking up-and-coming prospects like Jake DeBrusk, Peter Cehlarik, Anders Bjork, and more. The Agostino signing would add another option at a relatively cheap price and (likely) the flexibility of a two-way contract as well. The details will be revealed a few hours from now.
- In more concrete news, the KHL’s Barys Astana has signed former Washington Capitals prospect Darren Dietz, according to European hockey insider Aivis Kalnins. Dietz was not tendered a qualifying offer by the Capitals by last Monday’s deadline and became an unrestricted free agent. Without any NHL interest, Dietz will try his hand at Russian pro hockey rather than a minor league deal to remain in North America.
Dmitry Orlov Signs Six-Year Deal With Washington Capitals
The Washington Capitals continue to lock up their players long-term, this time inking Dmitry Orlov to a six-year contact. The deal will pay him $30.6MM ($5.1MM AAV) over its duration, making the 25-year old Orlov the third highest paid defender on the team. Orlov was a restricted free agent, but now will be part of the team’s plans for the next half dozen years at least. The contract will be broken down as follows: 
- 2017-18: $6.5MM
- 2018-19: $6.5MM
- 2019-20: $6.5MM, 5-team no-trade list
- 2020-21: $4.5MM, 5-team no-trade list
- 2021-22: $3.3MM, 5-team no-trade list
- 2022-23: $3.3MM, 5-team no-trade list
A second-round pick in 2009, Orlov has developed into one of the premiere young two-way defenders in the league. His 33 points last season ranked him within the top 50 among defensemen, and both possession metrics and traditional scouting has him as a plus player in all ends of the rink. His smooth skating and control of the puck helps the Capitals exit the zone with ease, and with a little more experience on the powerplay he could become a big point producer. He even received a single fifth-place Norris Trophy vote this season as one of the league’s best defensemen.
Orlov’s deal comes in just ahead salary wise of Toronto’s seven-year extension for Nikita Zaitsev, a similarly efficient two-way defender. Zaitsev has much less experience in the NHL, but actually outpaced him in points this season. The Toronto defender will average $4.5MM throughout his contract. Isabelle Khurshudyan of the Washington Post points out Nick Leddy‘s deal with the New York Islanders, a contract that he signed at just 23. In that deal, Leddy will earn $5.5MM per season over seven years (five remain) though he had a longer track record of success than Orlov does.
For the 25-year old, this deal comes as nice security after suiting up in all 82 games the last two seasons. Incidentally, the Capitals have won the President’s Trophy as the best regular season team in both those years, not in small part to Orlov’s contributions. He’ll join partner Matt Niskanen as long-term pieces for the Capitals, who will have a decision to make on John Carlson next summer. The 27-year old Carlson is an unrestricted free agent next year, and could potentially work out an extension with the team starting tomorrow. It’s unclear how much they’d want to commit to Carlson though, as they currently still have Brooks Orpik on the books for two seasons at $5.5MM.
With new contracts due for Andre Burakovsky, Evgeny Kuznetsov and Philipp Grubauer it will be a tight fit for the Capitals this summer. They have just under $12.5MM left on the cap, which is expected to be almost entirely eaten up by extensions for those three. If the team wants to play in free agency, they’d have to find room somewhere else. If you’re thinking an Orpik buyout, think again; he would have had to been placed on waivers in order to get it in before the deadline at 4pm today. They may get another window later in the summer, but that will be long after most of the free agent frenzy has taken place.
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Washington Capitals Sign Chandler Stephenson To Two-Year Deal
The Washington Capitals have signed Chandler Stephenson to a new two-year deal, worth $650K at the NHL level. In 2017-18 the deal will be two-way, with Stephenson earning $125K in the AHL and then will transition to a one-way contract in 2018-19. Stephenson could be a Group VI free agent at the end of the contract if he isn’t given a real chance in the NHL over the next two years (he would need to play in 67 more games to be ineligible).
A third-round selection by the Capitals in 2013, Stephenson has played in just 13 NHL games thus far in his career, and was held pointless in all of them. A center by trade, he’s contributed solid point numbers in the AHL over the past couple of seasons but not enough to force his way onto the Capitals’ roster.
It’s important for Washington to get him in on a cheap contract though, as they will be stretched thin following new contracts for Dmitry Orlov, Andre Burakovsky, Evgeny Kuznetsov and Philipp Grubauer. Even with $17.5MM in cap space, the team will be hard-pressed to find enough room to make a real impact in free agency. Losing three players from their defense in Karl Alzner, Kevin Shattenkirk and the Vegas bound Nate Schmidt, they do need to find another option to fill a hole there, either internally or on the market.
Washington Capitals Sign Pheonix Copley
The Washington Capitals have signed the other part of the Kevin Shattenkirk deal, inking goaltender Pheonix Copley to a two-year contract. The deal is worth $650K per season, though will be two-way in the first year. Copley was set to be a Group VI unrestricted free agent this summer.
Copley was actually first signed by the Capitals organization, and returned as part of the package with Shattenkirk at the trade deadline. The 25-year old is one of the best goaltenders in the AHL and with Philipp Grubauer expected at the time to be at risk of selection in the expansion draft, the Capitals hedged their bets. Grubauer is still technically a restricted free agent, but is expected to sign with the Capitals and serve as the backup to Braden Holtby once again.
That will push Copley down to the AHL starter’s net, where he has excelled since signing out of Michigan Tech. In four seasons in the minor leagues, Copley has recorded a .919 save percentage and is coming off his best season yet. There’s much to like about his game, including his size and athleticism. Even if he doesn’t get a chance in the NHL this season, there is a strong possibility he’ll find work as at least a backup one day.
Washington Capitals Re-sign Brett Connolly
The Washington Capitals re-signed forward Brett Connolly to a two-year deal worth $1.5MM a year, reports TSN’s Bob McKenzie. The 25-year old was a pending unrestricted free agent this summer after the Capitals did not appear to submit a qualifying offer.
Connolly had 15G and 8A in 68 games for the Capitals this season, but went pointless in seven playoff games. The new contract is a significant raise from the $850K he was making this year on a one-year deal. Connolly struggled to stay in the lineup during the playoffs, however, and was scratched for six games.
Connolly is your prototypical depth signing, but if Connolly matches is production next season, many teams would be very happy with a $1.5MM 15-goal scorer. Connolly showed promise in the AHL, scoring 63 points and 57 points in 2012-13 and 2013-14, respectively. The Capitals hope that he can find a way to translate that production to the NHL.
Metropolitan Snapshots: Grubauer, Kovalchuk, Ryan
Not that there are a lot of starting goaltending options available, but the Washington Capitals may have to move their backup Philipp Grubauer after all. With the impending defensive losses of free agents Kevin Shattenkirk and Karl Alzner, who the team likely cannot afford after the team locked up T.J. Oshie to an eight-year deal, and the loss of 25-year-old top-four defender Nate Schmidt to the Vegas Golden Knights in the expansion draft, the team must find a way to replace their blueliners.
With cap room almost entirely used up and with several restricted free agents still to lock up, the Capitals have only two places to look to fill those holes – either from within or via trade, according to J.J. Regan of CSN Mid-Atlantic. The team still retains several key defensemen, including restricted free agent Dmitry Orlov, veterans Brooks Orpik and Matt Niskanen as well as John Carlson. From within, the team has 22-year-old Madison Bowey on hand, who might be ready to make the jump to the NHL. He was out with an ankle injury and missed a lot of the AHL season a year ago, but still had 14 points in 34 games. Still, he may not be the player you count on to jump onto a playoff team’s defensive line.
Therefore, the lack of depth on defense could easily force the team to move Grubauer, who was often talked about as an expansion candidate for the Golden Knights. However, since Grubauer has little chance to grab a starting gig in Washington and isn’t even the future of the franchise as that role likely belongs to 2015 first-round pick Ilya Samsonov. There are still several teams who need a quality, young goaltender and they may be able to offer an inexpensive blueliner to fill Washington’s needs.
- While there have been dozens of teams linked to Ilya Kovalchuk over the past two months since he announced he’d like to return to the NHL, the Columbus Blue Jackets are one team that have shown interest in the 34-year-old Russian winger. However, while that interest still exists, Columbus Dispatch’s Aaron Portzline tweets that the team, as of today, are not in full pursuit of Kovalchuk, and are currently searching for a Top-6 center to fill in the gap.
- The Carolina Hurricanes are closing in to signing Derek Ryan to one-year deal, tweets Edmonton Oilers radio analyst Bob Stauffer. Ryan, was a Masterson Trophy finalist this past year, which goes to a player who best exemplifies the qualities of perseverance, sportsmanship and dedication to ice hockey. At age 30, the center finally broke through into the NHL after years of playing in Europe and the AHL, finishing the season with 11 goals and 18 assists for 29 points and being credited for helping change the culture of the Hurricanes locker room. He is coming off a one-year, $600,000 contract and looks to be getting a solid raise.
New York Rangers Have Plenty Of Holes To Fill
The New York Rangers are a team with multiple holes to fill during the offseason as they have lost two key players in center Derek Stepan, who they traded to Arizona on Friday and blueliner Dan Girardi, who they waived before the expansion protection rosters were due a week ago, to protect younger players. On top of that, both proved to be among the team’s top defenders against opposing teams’ top lines. They must be able to replace that.
Both holes, not including the backup goaltending spot that was vacated after the team moved Anttii Raanta to the Coyotes as well, must be filled from without and the franchise didn’t get much immediate help in return from Arizona. The team received 21-year-old defenseman Anthony DeAngelo, who played 39 games for the hapless Coyotes. While the former 2014 first-rounder fared well in those games, putting up five goals and nine assists in that span, that doesn’t translate that he will make the roster outright with the Rangers. The other asset they received in the trade was the No. 7 pick in the 2017 draft, which turned into 18-year-old center Lias Andersson, who will likely need a few years to reach New York.
According to New York Posts’ Larry Brooks, the team should look into acquiring two veterans who can fill those roles for the next year or two until some of their younger players are ready for bigger roles. The scribe lists 37-year-old center Joe Thornton as the perfect player to take over as the team’s top center. He could play next to his friend Rick Nash and form a solid line. A second option would be to trade for New Jersey’s Ilya Kovalchuk to fill that same spot, despite the possibility that New Jersey’s general manager Ray Shero may force the team to move a quality player. If the team promotes from within, there should be a lot of pressure of 2010 first-rounder Kevin Hayes, who at 25, might be ready to take his game to the next level. Hayes has had three solid seasons with the Rangers, putting up nearly 50 points this last year and might be ready for an increased role.
On defense, the team should have close to $20MM in cap space and are expected to be players in the free agent market. They’ve already been linked to Washington Capitals’ unrestricted free agent Kevin Shattenkirk, but the team also hopes to have their own unrestricted free agent, Brendan Smith, locked up as well. Otherwise, they will have double the problems behind the line. Brooks adds the team attempted to move up from the seventh pick Friday to get Dallas’ third overall pick, likely to take top defensive prospect Cale Makar, but were not willing to pay the price for it. Makar ended up going fourth to the Colorado Avalanche.
Offseason Keys: Washington Capitals
While expansion was the early headline 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 lies ahead for the Washington Capitals.
2016-17 was largely more of the same in Washington. They were the top team in the regular season but once again came up short in the played after being ousted by Pittsburgh in the second round. GM Brian MacLellan went all in with this group and now faces a summer where nearly half the team needs new contracts even after the re-signing of T.J. Oshie. That’s highlighted in multiple keys for their offseason.
Re-Sign The Russians
Washington has a pair of restricted free agents that have already been speculated as candidates to return home to Russia in center Evgeny Kuznetsov and defenseman Dmitry Orlov. Kuznetsov is the less likely of the two to go but he has suggested in the past that it’s something he would consider if contracts talks don’t go well at the start.
Orlov’s a more intriguing case, however. It took until late September for them to reach an agreement on a one year post-bridge contract worth $2.57MM. He responded with a career season and has arbitration rights. If he wants to secure an NHL deal, going that route seems like a logical outcome. If Orlov is considering playing in the KHL (and in the Olympics) though, this could be one that drags out for a while yet.
As for Kuznetsov, he’s also coming off his bridge deal and is lined up for a significantly larger payday than the $3.4MM salary he received in 2016-17. While his deployment was largely as a second liner thanks to Nicklas Backstrom being in front of him, he has produced like a front line player and will be looking to be paid like one; he too has arbitration rights. There’s a good chance his cap hit of $3MM from this past season will be doubled in this next deal which is something MacLellan will need to keep in mind as he plots out his other re-signings.
Decide On Remaining UFAs
Even after re-signing Oshie, the Capitals have one of the more prominent unrestricted free agents in defenseman Kevin Shattenkirk. Acquired as a rental player in advance of the trade deadline, it’s unlikely that he’ll be back.
However, beyond Shattenkirk, Washington has a couple of other veteran players who are bound to garner plenty of interest. Blueliner Karl Alzner is a top four stay-at-home player and his market will be one to watch given what happened to Kris Russell last summer. Winger Justin Williams has shown that he’s still a capable second line forward and should have several suitors as well. The Caps would undoubtedly like to keep both of them in the fold but they can’t afford to bring everyone back. MacLellan will need to have a few other plans in place depending on what the market dictates if everyone makes it to July 1st unsigned.
Add Left Side Defensive Help
Alzner has been a staple on Washington’s back end for the past seven seasons, giving them a dependable left side defender who can log top four minutes. Him leaving via free agency would create a big hole to fill. The team was hoping that Nate Schmidt would be able to step in to take that spot but he wound up being selected by the Golden Knights in the Expansion Draft so that option is off the table as well.
Presently, the Capitals have just two left shot defensemen under contract for next season in Brooks Orpik and Taylor Chorney and both of them aren’t ideal candidates for top four roles. Even if the team keeps one of their better right side players on the left, there’s still one vacancy that will need to be filled.
How MacLellan projects out the cap situation may dictate which route he goes to cover that spot. The cap hit will be pricier with a free agent signing and wouldn’t cost them any assets but would they prefer to go the trade route to get a cheaper fit even if the acquisition cost is higher? With so few players signed for next season presently, a lot is in flux with just a week to go until free agency opens up.
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Washington Capitals Re-Sign T.J. Oshie For Eight Years
Washington has locked up a prized free agent for eight years. The team announced an eight-year extension for T.J. Oshie today, paying him $5.75MM per season. As we wrote earlier in regards to the Chicago Blackhawks rumored interest, it seemed far-fetched that there was ever really a chance of that. There had been clear interest from both sides between Oshie and the Capitals since the end of the season, and it came together with a cap hit and term that fills both sides needs. 
There was some concern that the Capitals might not be able to bring Oshie back when the NHLPA did not use the entire 5% salary cap escalator, but by agreeing to more years the team kept the cap hit low enough to fit into their scheme. Those years will pose a problem down the line—Oshie will turn 31 in late December—but right now keep a key player in town for a reasonable salary. The deal will be paid out like this and also includes a modified no-trade clause :
- 2017-18: $4.0MM salary, $4.0MM signing bonus, 15 team no-trade list
- 2018-19: $3.5MM salary, $4.0MM signing bonus, 15 team no-trade list
- 2019-20: $3.5MM salary, $3.0MM signing bonus, 15 team no-trade list
- 2020-21: $2.5MM salary, $2.0MM signing bonus, 15 team no-trade list
- 2021-22: $3.0MM salary, $3.0MM signing bonus, 10 team no-trade list
- 2022-23: $2.5MM salary, $2.0MM signing bonus, 10 team no-trade list
- 2023-24: $4.0MM salary, $1.0MM signing bonus, 10 team no-trade list
- 2024-25: $3.0MM salary, $1.0MM signing bonus, 10 team no-trade list
That structure gives Oshie some lockout insurance should the league have a work stoppage in 2020-21, and also makes the contract tough to buyout down the line. For example if they tried to buy him out in the summer of 2022 when he was 36, they’d only save around $1.4MM off the cap for the 2022-23 season.
Not surprisingly, Oshie turned in the best offensive season of his career (on a goal-scoring and per-game rate at least) while playing with Alex Ovechkin and Nicklas Backstrom. Oshie rode a ridiculous 23.1% shooting percentage to 33 goals in 68 games and was one of the team’s best players in the playoffs. While that is expected to regress somewhat, Oshie does seem like a perfect fit for Backstrom as a go-to-all-areas winger who can bury from in tight or off the rush. It wouldn’t be surprising to see him set a career-high in points next year, as he missed 24 games due to injury and still came just four points shy of his high-water mark.
The effect a $5.75MM hit has on the Caps salary structure is palatable for now, as they will still have ~$19MM to re-sign their group of important restricted free agents. Evgeny Kuznetsov, Andre Burakovsky, Dmitry Orlov, Brett Connolly and Philipp Grubauer all need contracts, and that should eat that entire nugget if not more. Nate Schmidt, who they lost to Vegas in the expansion draft also would have needed a new contract, which they may not have been able to afford.
The free agent market just got even smaller, as Oshie figured to be one of the top-3 names on the board come July 1st. With Alexander Radulov remaining as the only real elite option at forward, his camp was just handed even more leverage in their talks with the Montreal Canadiens. Radulov is just over six months older than Oshie, and though he obviously doesn’t have as long of a track record in the NHL should still be able to argue he deserves at least five years. Whether he’d settle for the $5.75MM number that Oshie brought down is still unclear, but a $46MM deal handed out on draft day is a big win for the Radulov camp.
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