Alex Pietrangelo Signs With The Golden Knights
Sportsnet and TSN report Alex Pietrangelo has agreed to a seven-year, $61.6 million contract with the Vegas Golden Knights. The annual average value is $8.8 million. Elliotte Friedman reports the deal comes with a full no-movement clause.
SPECTOR’S NOTE: To the surprise of no one, the Golden Knights land the big fish in this year’s UFA pond. Pietrangelo, 30, is among the NHL’s elite defensemen who captained the St. Louis Blues to their first-ever Stanley Cup in 2019. His experience, leadership and all-around skills will provide a significant boost to their blue line.
The contract is expensive and lengthy, with an annual cap hit and a no-movement clause that could become burdensome for Vegas should Pietrangelo’s skills decline over the latter half of the deal. In the short term, however, his presence should keep the Golden Knights among the Cup contenders.
Cap Friendly reports Pietrangelo’s contract pushes the Golden Knights above the $81.5 million cap ceiling by over $6.9 million. They can sit over the cap by 10 percent during the offseason but must be cap compliant when the 2020-21 season opens sometime next year.
The Golden Knights have reportedly been trying to shed salary by shopping goaltender Marc-Andre Fleury ($7 million AAV through 2021-22) and defenseman Nate Schmidt ($5.95 million AAV through 2024-25). One of them, or perhaps someone else (Jonathan Marchessault?) could be playing elsewhere when the regular season begins.
**UPDATE** The Golden Knights didn’t take long to shed some salary, trading Nate Schmidt to the Vancouver Canucks for a 2021 third-round pick.