Lightning Re-sign Brayden Point
The Tampa Bay Lightning have re-signed center Brayden Point to a three-year, $20.25-million contract. The annual average value is $6.75 million.
SPECTOR’S NOTE: According to TSN’s Pierre LeBrun, the contract breakdown is as follows: $5.25 million total ($1 million salary, $4.25 million signing bonus) in Year 1, $6.5 million total ($3 million salary, $3.5 million signing bonus) in Year 2 and $9 million all salary in 2021-22.
LeBrun also reports the Lightning came up by $1 million per season from their previous offer of $5.75 million annually. It’s still a bargain for the Bolts. Point steadily improved in each of his first three seasons, reaching 92 points in 2018-19 and finishing third in team scoring.
Like Boston Bruins defenseman Charlie McAvoy, Columbus Blue Jackets defenseman Zach Werenski, San Jose Sharks winger Timo Meier, and Vancouver Canucks winger Brock Boeser, the final year of Point’s contract gives him a substantial increase in his actual salary. It’ll cost the Lightning $9 million to qualify his rights in 2022.
Cap Friendly also indicates they have over $1.76 million remaining in salary-cap space, giving them sufficient room for in-season additions if necessary. However, things will get interesting next summer, as they have over $74 million invested in 14 players for 2020-21. A marginal increase in the cap ceiling could force them into a salary-cap crunch.
Point’s signing leaves four notable restricted free agents still unsigned. They are Colorado Avalanche right wing Mikko Rantanen, Calgary Flames left wing Matthew Tkachuk, and Winnipeg Jets forwards Patrik Laine and Kyle Connor.