NHL Morning Coffee Headlines – September 11, 2018

by | Sep 11, 2018 | News, NHL | 10 comments

Golden Knights re-sign Max Pacioretty plus the latest on David Krejci, Paul Byron, Luca Sbisa and more in your NHL morning coffee headlines.

LAS VEGAS SUN: Soon after acquiring Max Pacioretty yesterday from the Montreal Canadiens, the Vegas Golden Knights announced they had re-signed the left wing to a four-year, $28-million contract extension. Pacioretty, 29, was due to become an unrestricted free agent next July.

Hours after acquiring Max Pacioretty, the Vegas Golden Knights signed him to a four-year contract extension. (Photo via NHL Images)

SPECTOR’S NOTE: Pacioretty’s recent statement that he wouldn’t discuss a contract with the Canadiens once the season opened next month spurred his departure from Montreal. It also accounts for the haste in which the Golden Knights signed shortly after acquiring him. Pacioretty’s current contract (six years, $27 million) carries an annual average value of $4.5 million. The Canadiens picked up 10 percent of that for this season.

Cap Friendly indicates his new deal is worth an AAV of $7 million, paying him $10.5 million in actual salary in 2019-20, $7 million in 2020-21, and $5.25 million in each of the final two seasons. He won’t receive performance bonuses but it does come with a modified no-trade clause (10-team no-trade list), something he doesn’t have in his current deal.

It’s a fair deal for Pacioretty, a five-time 30-goal scorer who was underpaid for most of his current contract.The lack of a state tax in Nevada means he’ll keep much more of his salary than he would’ve had he re-signed with the Canadiens. It will also make him the Golden Knights’ highest-paid forward and tie him with goaltender Marc-Andre Fleury with the highest annual cap hit.

Some might question the Golden Knights payingthat high AAV to a soon-to-be 30 year old winger but the term is a reasonable one. If Pacioretty’s regains his 30-goal form, this deal could prove worthwhile for a club hoping to prove itself more than a one-year wonder. 

NESN: A visa issue will prevent center David Krejci, a native of the Czech Republic, from joining his Boston Bruins teammates in China for their upcoming exhibition games with the Calgary Flames.

NHL.COM: The Bruins have signed forwards Lee Stempniak and Daniel Winnik to professional tryout agreements.

CBS SPORTS: Canadiens winger Paul Byron expects to be ready for the start of training camp after recovering from offseason shoulder surgery.

TSN: The Canadiens also re-signed center Michael McCarron to a one-year, two-way contract worth over $875K at the NHL level.

MLIVE.COM: Veteran forward Jussi Jokinen will be attending the Detroit Red Wings training camp on a tryout basis. 

TSN: Free-agent defenseman Luca Sbisa will join the New York Islanders on a professional tryout offer. 

EDMONTON JOURNAL: The Edmonton Oilers have signed right wing Alex Chiasson to a PTO.

 








10 Comments

  1. Fair deal for Pathces.

    VGK only going 4 years; and declining sal at that.

    Not a long term risk. $7M Cap this year and next absolutlely no question it is the correct amount.

    If his performance falls off a bit — the $7M cap in years 3/4 will be a little out of whack— nopt much. The risk is a dramatic fall in performance in years 3/4— I don’t see it.

    In addition, I believe there is NOT a NMC— so if performance wanes — exposure in ’20 expansion draft possible; so that they won’t have to waste a protected spot on him.

    IMO way too much is being made about him turning down a $6M * 6 in LA… many it appears seem to think this is a slap in the face to LA— $36M vs. $28M.

    First of all— his decision to sign extension with VGK vs. LA will have more rationale I’m sure than just $’s.

    However, if you are looking at just $’s. LA (California) has a much higher tax than LV (Nevada). Oddly enough— the after tax $’s for the $36M playing in LA is almost exactly the same as the $28M in LV. The net is within a couple of hundred K. So basically Patches is working 4 years to attain the same take home pay that he’d have to do in LA. The 6 year contract would have had him finishing at 36 years and much tougher to sign again than at 34 (VGN)— where he could then likley get a 2 or 3 year deal (if still performing).

    All in all — fair deal on both sides.

    Now the extra assets that VGN gave up to get Patches are worth it. They were not, IMO, worth it if he was only coming as a rental.

    Patches will do very well this year IMO

    • As I expressed yesterday Vegas had spoken to Welsh & the contract was agreed to in principle before Vegas moved those assets. If it wasn’t they wouldn’t have paid that price. 4 at 7 is exceptional fair nor do I have any serious concerns Patches contributions will decline significantly by age 34.

      I also concur that as no NMC attached should Vegas need to Patches could be exposed if the roster dictates such & his play does decline.

      Good trade for both teams. Vegas gets a player that can score 10 to 15 more goals than Tatar & similar gains in total points. He comes cheaper this season & only costs them 1.7 more than they would have paid Tatar for 2 of those 4 years.

  2. Just wondering – does everyone refer to him as “Patches” simply because they’re sure how to spell “Pacioretty”? 🙂

    • “never sure”

    • Well, it’s easier than trying to spell Kuhnhackl, Oesterle, Athanasiou or Niederreiter. Ha-ha!

      • LOL

        Spell “Athanasiou “… I get f’$%^& ‘D up just trying to say his name.

        George,

        Something in the recesses of my tiny mind says that Patches was a nickname for him pre-NHL and it stuck.

        This could be a fiction of my limited imagination and/or garbled memory— but for sure he has been referred to as Patches for years.

        Dumb Pengy

      • I’m sure I spell and pronounce the names better than Don Cherry!

      • Elmer Fudd pronounces anything better than Don Cherry!

    • You got me

  3. I think that the Pacioretty re-signing makes the Golden Knights more likely than before to acquire Karlsson. If Karlsson desires to play with a Cup contender, he and Pacioretty would augur that. Moreover, the $2,000,000 that Vegas is paying for Brassard should come of the books by season’s end. That would offset a good part of the value of Karlsson’s next contract. The 10% of the Pacioretty conract that Montreal is picking up will allow Vegas a greater margin for compensating Karlsson if he re-signs with them this season.