NHL Morning Coffee Headlines – September 12, 2019

by Sep 12, 2019News, NHL9 comments

Updates on Connor McDavid and Mikko Rantanen, the latest contract signings, and more in today’s NHL morning coffee headlines.

SPORTSNET: Edmonton Oilers general manager Ken Holland said team captain Connor McDavid may not see any playing time during the pre-season schedule. The 22-year-old center continues to rehab a knee injury suffered during the club’s final game last season.

THE DENVER POST: The Colorado Avalanche will open training camp today without Mikko Rantanen. The 21-year-old forward remains in Finland awaiting a new contract with the Avs. Rantanen said he wasn’t panicking, adding he was prepared for this possibility.

As the Colorado Avalanche open training camp, winger Mikko Rantanen remains in Finland awaiting a new contract (Photo via NHL Images).

SPECTOR’S NOTE: As training camps open, several notable young restricted free agents like Rantanen remain unsigned. It’ll be interesting to see how long negotiations drag on and the effect upon their respective clubs’ training camp plans.

NBC SPORTS BOSTON: The Bruins yesterday announced head coach Bruce Cassidy signed a three-year contract extension worth $3 million annually.

SPECTOR’S NOTE: No surprise here. The Bruins made significant strides under Cassidy’ coaching, reaching the 2019 Stanley Cup Final.

TWINCITIES.COM: The Minnesota Wild re-signed winger Kevin Fiala to a two-year, $6-million contract with an annual average value of $3 million.

SPECTOR’S NOTE: After a promising 23-goal, 48-point performance in 2017-18 with the Nashville Predators, Fiala’s production tumbled to 39 points split between the Predators and Wild. The 23-year-old must regain his ’17-’18 form if he hopes to ink a more lucrative deal in two years.

CALGARY SUN: After buying out Michael Stone’s contract last month, the Flames signed the 29-year-old defenseman to a one-year, $700K contract.

SPECTOR’S NOTE: The NHL CBA continues to reveal interesting surprises. For years, it was assumed a team had to wait a full year from the date of the buyout to bring back a bought-out player. Cap Friendly reveals that’s not the case. Apparently, that one-year wait period only applied to players receiving compliance buyouts in 2013 and 2014.

NEW YORK POST: The Rangers signed winger Brendan Lemieux to a one-year deal worth just over $874K. The Rangers also signed defenseman Joe Morrow to a professional tryout offer.

SPORTSNET: Former Edmonton Oilers GM Peter Chiarelli will work as a consultant with the St. Louis Blues.

TSN: Former Vancouver Canucks player Chris Higgins has joined the club as assistant director of player development. Dan Cloutier, meanwhile, resigned as goaltender coach after eight seasons.







9 Comments

  1. Congrats Bruce, well earned

    WTF with buyout and re-sign ??? I too had thought it was a 1 yr wait for all

    Will more be coming …for example a likeable and fan fav player with back end contract numbers ; buyout ; re-sign for money lost at term that was remaining ; lowers current cap; defers differential past the timeframe in which team knows they are in Cap trouble

    Buyout Cap hit per CF:

    2/3 of remaining Sal owed= buyout cost. Spread the total buyout cost evenly over twice the remaining contract years
    Determine the savings by subtracting the annual buyout cost from the players salary (excluding signing bonuses)
    Determine the remaining caphit by subtracting the savings from the players Annual Average Salary (AAV) (including signing bonuses)

    Example …. 2 years left Cap 5 but owed 6 in each of next 2 … the buyout loss is 4 to player; buyout is 2 over next 4 years =8; was owed 12; Cap was 5 for next 2 years.

    Savings in Sal 6-2=4

    Cap was 5, then 5, now 5-4= 1 for each of next two years

    Re-sign player at $3M SB , 2 years at $700 K… total $4.4 over 2 years …. $2.2 M Cap plus $1M in buyout ….player and team ahead for next two years

    Is this correct???

    • Flames had to get League to approve it based on the fact that they lost Valamaki for most of the season after the buyout & almost a month went by & Stone was not signed by any team. So the league deemed Flames were not circumventing the Cap doing this.

    • Maybe pens could buy out Jj then resign him to a cheaper deal!

      • Or they could just buy him out and promote one of Addison. Joseph or Marino who are already a thousand times better than Jackass in every way. Jackhole the black hole can play in Europe or the KHL because he’s terrible.

  2. The birth of a new loophole?

    • Could be

  3. I can’t believe this salary cap loophole, and if so why this hasn’t happened before. So that means after the Rangers bought out Shattenkirk, they could have signed him back for 2M a year and cleared 4.5M in cap space?

    • Hi elew11

      If he was back end loaded on the contract; it appears so… was his contract higher than Cap in last years ?

      They’d still get hit with deferred cap in the out years (post extension) but it would be much smaller

      Crazy

      Note… still a risk with any buyout… first have to be out on waivers

      • His Cap B4 buyout was $6.65 for 2 more years

        Currently after buyout NYR:

        $1.5, $6.1 , $1.4 , $1.4

        If they had re-signed for a take home amount equal to what he will take home with Bolts …. let’s say even $2.1 M Cap … then it would be:

        $3.6 M ; $6.1 M , $1.4 M , $1.4 M

        ?????