Notable NHL Free-Agent Signings – July 27, 2021
With the NHL free-agent market opening at noon ET on July 28, there’s a flurry of last-minute contract signings taking place. Some involved unrestricted free agents while others are restricted free agents. Here’s the rundown of today’s notable signings.
SPECTOR’S NOTE: No surprise here. Everyone knew Ovechkin was staying in Washington. The cap hit ($9.5 million) wasn’t a shocker as it’s pretty much what it was on his previous contract. What raised my eyebrows was the term. I’d expected three or four years. Five is a bit of a stretch for a player turning 36 in September. Ovechkin has remained among the league’s superstars well into his 30s, but the final year or two of that deal could prove costly to the Capitals cap payroll as his performance inevitably declines. Such is the price of keeping a franchise player and the greatest goal scorer of his generation.
SPECTOR’S NOTE: The Blues recently acquire Buchnevich from the New York Rangers. This contract is a reasonable deal for a 26-year-old winger who steadily improved as an all-around forward over the past three seasons with the New York Rangers. Now earning $5.8 million per season, Buchnevich will either skate on the Blues’ second-line or take over the first-line role if/when Vladimir Tarasenko gets traded this summer.
SPECTOR’S NOTE: After two solid seasons with the Arizona Coyotes, Garland was acquired by the Canucks last week in the multi-player deal that also landed them Oliver Ekman-Larsson. The 25-year-old winger earned a substantial pay raise, going from $775K per season on his previous deal to $4.95 million annually. His impressive play with Team USA at this year’s World Championships suggests he could thrive alongside talented linemates. He’ll get that opportunity with the Canucks alongside Elias Pettersson or Bo Horvat.