NHL Morning Coffee Headlines – August 1, 2024

by | Aug 1, 2024

NHL Morning Coffee Headlines – August 1, 2024

The reason behind Jeff Marek’s departure from Sportsnet is revealed, an update on Leon Draisaitl’s contract talks, Evgeny Kuznetsov signs with a KHL team, the Canadiens re-sign Kaiden Guhle, and more in today’s NHL Morning Coffee Headlines.

THE ATHLETIC: Katie Strang and Dan Robson report Jeff Marek’s departure from Sportsnet was because he came under scrutiny by the NHL for allegedly revealing to a friend which players were being selected in the first round of the 2024 Draft moments before the picks were announced.

Marek was privy to the first-round selections before they were announced. This is common practice for broadcast rights holders, enabling them to prepare graphics and video clips for the chosen players.

The friend was former NHL scout Mark Seidel, who works with the OHL’s Barrie Colts, runs a scouting service and occasionally provides content for ESPN. It’s believed Marek provided Seidel a heads-up on the picks so the latter could be better prepared to provide an analysis of the selections on social media.

The league shared its concerns with the Nevada Gaming Control Board, which probed further.

Neither Marek, Sportsnet, the league, the Gaming Control Board nor Seidel commented.

A source claimed no gambling impropriety was discovered nor was there any intent by Marek to gain financially from what happened. However, sharing the information with someone outside the company put Sportsnet in a difficult situation.

SPECTOR’S NOTE: I’ve summarized the story’s main point. Please read the report for the full details if you have a subscription to The Athletic.

The NHL’s affiliation with legalized gambling means its broadcast rights holders face scrutiny to ensure none of its personnel benefits from inside information. A hint of impropriety by an on-air personality will raise questions and prompt an investigation.

Edmonton Oilers forward Leon Draisaitl (NHL Images).

Based on this report, Marek simply made a poor decision by sharing info with a friend. He may not have profited by it but it still cost him his job, serving as a preventative warning to his peers.

TSN: Ryan Rishaug reports it sounds like Edmonton Oilers management and Leon Draisaitl’s representatives have been in touch regarding a contract extension. Actual negotiations haven’t started yet but are expected to begin soon. “So any notion that it’s close to done is premature as of today (July 31)”.

SPECTOR’S NOTE: Draisaitl can become an unrestricted free agent next July. There’s plenty of time for the two sides to agree on an extension.

TSN: Evgeny Kuznetsov signed a four-year contract with KHL club SKA St. Petersburg.

SPECTOR’S NOTE: Kuznetsov and the Carolina Hurricanes agreed to terminate his contract last month, clearing the path to his new KHL deal. There was speculation suggesting some NHL clubs were interested in the 32-year-old center. However, it appears he wouldn’t get a deal comparable to what SKA St. Petersburg was offering.

THE MONTREAL GAZETTE: The Canadiens signed defenseman Kaiden Guhle to a six-year, $33.3 million contract extension. Guhle, 22, will earn an average annual value of $5.55 million starting in 2025-26.

SPECTOR’S NOTE: Guhle has quickly established himself as a top-four defenseman with the Canadiens over the past two seasons. His injury history is a concern but overall this signing has received positive marks from Montreal fans and pundits. This could turn into an affordable long-term deal for the Canadiens if Guhle develops as projected into a reliable top-pairing blueliner.

TSN: Vancouver Canucks head coach Rick Tocchet, Vegas Golden Knights bench boss Bruce Cassidy, and Dallas Stars coach Peter DeBoer are part of Team Canada’s coaching staff for the 2025 4 Nations Face-Off. They will join Tampa Bay Lightning coach Jon Cooper, who was named Team Canada’s head coach in June.

DAILY FACEOFF: Kyle Clifford signed an AHL contract with the Toronto Marlies. The 33-year-old forward spent last season with the Marlies while on a one-way NHL contract with the Maple Leafs.










NHL Rumor Mill – July 31, 2024

by | Jul 31, 2024

NHL Rumor Mill – July 31, 2024

A look at the remaining notable restricted free agents in today’s NHL Rumor Mill.

SPORTSNET: Luke Fox and Rory Boylen updated their list of the notable remaining restricted free agents following the signings of Carolina Hurricanes winger Martin Necas on Monday and New York Rangers defenseman Ryan Lindgren on Tuesday.

Boston Bruins goaltender Jeremy Swayman still tops the list. He’s coming off a one-year, $3.45 million contract.

SPECTOR’S NOTE: Nothing new to report on his contract negotiations. Daily Faceoff’s Steven Ellis cited AFP Analytics projecting the 25-year-old goaltender is in line for a five-year contract with an average annual value of $6.433 million. However, some recent media speculation suggests he could get around $9 million annually depending on the length of the deal.

Detroit Red Wings defenseman Moritz Seider and winger Lucas Raymond sit second and third on their list. They speculate Seider could get an AAV of $8.6 million on a long-term deal but Raymond could get a mid-term commitment akin to teammate Alex DeBrincat’s four-year contract.

Detroit Red Wings defenseman Moritz Seider (NHL Images).

SPECTOR’S NOTE: It’s been over a month since Red Wings general manager Steve Yzerman said he’d get Seider and Raymond signed “in due time.” There’s been nothing new since then but plenty of time remains to get both players under contract before the start of training camp in mid-September. AFP Analytics projects Seider getting a seven-year deal with an AAV of $8.125 million and Raymond seven years at $7.758 million annually.

Seth Jarvis is the focus for Carolina Hurricanes GM Eric Tulsky now that Martin Necas is under contract. The versatile 22-year-old forward can play center or wing and has risen among the Hurricanes’ core players. He’s coming off an entry-level contract and there’s speculation he could get an eight-year deal worth around $8 million annually.

SPECTOR’S NOTE: AFP Analytics projects a seven-year deal worth $7.75 million annually for Jarvis. Unless Tulsky makes a cost-cutting move, the Jarvis camp will have to accept much less than that because the Hurricanes only have $6.44 million in cap space.

Dallas Stars GM Jim Nill could attempt to sign defenseman Thomas Harley to a bridge contract. That’s what he did with Jason Robertson when the winger came off his entry-level contract.

SPECTOR’S NOTE: Harley is projected to get a seven-year deal with an AAV of $6.922 million. However, the Stars have $6.243 million in cap space. The 22-year-old blueliner could end up with a short-term contract worth under $5 million annually.

Seattle Kraken center Matty Beniers’ sophomore slump compromises his bargaining position coming off his entry-level contract. The betting is the 21-year-old center gets a bridge deal.

SPECTOR’S NOTE: AFP Analytics projects a seven-year deal worth $6.66 million annually. The Kraken have the hammer here so it could be much shorter and for around $5 million annually.

Winnipeg Jets center Cole Perfetti seems a classic case for a bridge deal after a healthy but inconsistent 2023-24 performance under former head coach Rick Bowness. However, the Winnipeg Sun’s Scott Billeck recently reported positive communication between the Perfetti camp and new Jets bench boss Scott Arniel. That could sway Perfetti into signing a long-term deal.

SPECTOR’S NOTE: The projection has Perfetti in line for a seven-year deal with an AAV of $5.584 million. That could become a real bargain for the Jets if he blossoms into the scorer he was projected to become when the Jets drafted him in 2020.

The New Jersey Devils could go the bridge route with Dawson Mercer. Comparables include Ottawa’s Shane Pinto (two-year, $3.75 million AAV) and Columbus’ Kirill Marchenko (three years, $3.85 million AAV).

SPECTOR’S NOTE: AFP Analytics projected a six-year deal at $6.52 million annually. However, the Devils only have $4.9 million in cap space. Mercer will likely get a bridge deal unless the Devils shed some salary.

Cole Sillinger enjoyed a bounce-back performance from his 2022-23 sophomore slump with 13 goals and 32 points in 77 games. Like teammate Kirill Marchenko, he could get a three-year deal.










NHL Morning Coffee Headlines – July 31, 2024

by | Jul 31, 2024

NHL Morning Coffee Headlines – July 31, 2024

Eric Staal retires as a Hurricane, the Rangers avoid arbitration with Ryan Lindgren, the Canadiens re-sign two defensemen, and more in today’s NHL Morning Coffee Headlines.

TSN: The Carolina Hurricanes announced Tuesday that Eric Staal signed a one-day contract to retire with the team that drafted him second overall in the 2003 NHL Draft. They will also retire his No. 12 later thishttps://www.tsn.ca/nhl/carolina-hurricanes-to-retire-eric-staal-s-no-12-1.2155886 season.

Former Carolina Hurricanes captain Eric Staal (NHL.com).

Staal spent 12 of his 18 NHL seasons with the Hurricanes, sitting second among their franchise leaders with 332 goals and 453 assists for 775 points, and third in games played with 909. He led all playoff scorers in 2006 with 28 points in 25 games during the Hurricanes’ Stanley Cup run.

Traded to the New York Rangers in 2016, Staal also played for the Minnesota Wild, Buffalo Sabres, Montreal Canadiens and Florida Panthers. From 2003-04 to 2022-23, he scored 455 goals and 608 assists for 1,063 points in 1,365 games.

SPECTOR’S NOTE: Staal is the Hurricanes’ all-time leading scorer since the franchise relocated from Hartford. He appeared in six All-Star Games and was a Second Team All-Star in 2005-06. His most productive seasons were with the Hurricanes from 2005-06 to 2011-12 where he enjoyed seven straight 70-plus point seasons, including a career-high 100 points in ’05-’06. He also won a Gold Medal as a member of Canada’s 2010 Men’s Olympic hockey team.

NEW YORK POST: The Rangers avoided salary arbitration with Ryan Lindgren, signing the 26-year-old defenseman to a one-year, $4.5 million contract.

SPECTOR’S NOTE: Lindgren plays the shutdown role alongside Adam Fox on their top defense pairing. He is slated to become an unrestricted free agent next July. He and the Rangers can begin contract extension talks in January but that could depend on his performance and the club’s by that point.

THE MONTREAL GAZETTE: The Canadiens signed restricted free-agent defensemen Arber Xhekaj and Justin Barron to two-year contracts. Xhekaj’s is worth $2.6 million ($1.3 million average annual value) and Barron’s is $2.3 million ($1.15 million AAV).

SPECTOR’S NOTE: Xhekaj, 23, thrilled Canadiens fans with his physical style and offensive contributions from the blueline. However, he’s also undergone surgeries on both shoulders over the past two seasons. Xhekaj said he won’t change his style but intends to play smarter and take fewer penalties.

The 22-year-old Barron split the past two seasons between the Canadiens and their AHL affiliate in Laval. He’s a puck-moving blueliner who has struggled to find consistency at the NHL level but is still young enough to develop his game.

TSN: The New Jersey Devils signed goaltender Nico Daws to a two-year, $1.6 million contract with an AAV of $812,500 at the NHL level. The first season is a two-way deal and the second year is one-way.

SPECTOR’S NOTE: Daws, 23, showed some promise as a call-up behind a porous Devils defense corps last season. He’ll be their third-string netminder behind Jacob Markstrom and Jake Allen this season but could become Markstrom’s backup during the second year of his contract.

CALGARY SUN: The Flames signed goaltender Dustin Wolf to a two-year, $1.7 million contract with an AAV of $850K at the NHL level. It’s a two-way deal for 2024-25 and one-way for 2025-26.

SPECTOR’S NOTE: Wolf is expected to challenge for the starter’s job with the rebuilding Flames this season.










NHL Rumor Mill – July 30, 2024

by | Jul 30, 2024

NHL Rumor Mill – July 30, 2024

In today’s NHL Rumor Mill: the latest speculation over Oilers forward Leon Draisaitl’s next contract, an update on Hurricanes forward Martin Necas, and trade conjecture continues to swirl around Panthers defenseman Aaron Ekblad.

WHAT COULD LEON DRAISAITL’S NEXT CONTRACT LOOK LIKE?

EDMONTON JOURNAL: Jim Matheson believes Leon Draisaitl’s next contract with the Oilers could be at least $13.5 million per season. He thinks they should consider themselves lucky if they can get the 28-year-old forward signed to that amount.

Draisaitl is slated to become an unrestricted free agent next July. His current average annual value is $8.5 million.

Matheson points out the salary cap for the first season of Draisaitl’s next contract (2025-26) could reach $93 million. He pointed out how much stars such as Toronto’s Auston Matthews ($13.25 million AAV), Colorado’s Nathan MacKinnon ($12.6 million), Oilers captain Connor McDavid ($12.5 million), the New York Rangers’ Artemi Panarin ($11.64 million) and Vancouver’s Elias Pettersson ($11.6 million) are earning.

Edmonton Oilers forward Leon Draisaitl (NHL Images).

Meanwhile, David Staples cited Oilers insider Bob Stauffer claiming Draisaitl could seek a seven or eight-year term on his next contract.

SPECTOR’S NOTE: Matheson believes Draisaitl’s deal will get done because Oilers owner Daryl Katz wants it done. He also noted new general manager Stan Bowman said his priority is to make the talented forward an Oiler for life.

A steadily rising salary cap will help the Oilers re-sign Draisaitl and defenseman Evan Bouchard by next summer. It should also help them ensure they can afford to retain McDavid on another monstrous contract before his UFA eligibility in July 2026.

WHAT NEXT FOR MARTIN NECAS AFTER RE-SIGNING WITH THE HURRICANES?

DFO RUNDOWN: Frank Seravalli named Martin Necas the player he’s most surprised hasn’t been traded. He believes there were a couple of deals under consideration that ultimately weren’t enough for the Carolina Hurricanes.

Seravalli believed the Buffalo Sabres had a deal in place during draft week with the Hurricanes for Necas but the forward wouldn’t agree to sign a new contract with that new deal. There was another he believed was from the Winnipeg Jets with an offer of Rutger McGroarty, Cole Perfetti, and a draft pick but didn’t get it done or it wasn’t a place Necas didn’t want to go.

SPECTOR’S NOTE: Necas lacked no-trade protection but his status as a restricted free agent with arbitration rights gave him leverage regarding possible trade destinations.

Seravalli didn’t indicate what the Sabres offered up for Necas. That package from the Jets looks like an overpayment given Perfetti’s potential.

Necas agreed to a two-year deal with the Hurricanes on Monday with an AAV of $6.5 million. He still lacks no-trade protection but it seems less likely he’ll be moved now.

Hurricanes GM Eric Tulsky recently said he’d continue to talk to other clubs but those interested parties no longer have the salary cap flexibility they had in June. The departures of forwards Jake Guentzel and Teuvo Teravainen also ensure Necas will have a larger role this season.

THE LATEST AARON EKBLAD SPECULATION

THE HOCKEY NEWS: Adam Proteau has Aaron Ekblad on the hot seat as the Florida Panthers defend the Stanley Cup this season.

The Panthers defenseman is entering the final season of his contract with an AAV of $7.5 million. However, if GM Bill Zito is being proactive, he could attempt to move Ekblad before the next trade deadline.

Ekblad’sbeen hampered by injuries since 2018-19. However, he could still have considerable trade value as a 28-year-old right-shot blueliner. Zito’s been known for making bold moves so trading Ekblad isn’t out of the question.

SPECTOR’S NOTE: Ekblad has frequently surfaced in the rumor mill since early June. His full no-movement clause became a 12-team no-trade list on July 1, giving Zito room to maneuver in trade talks.

The departures of Brandon Montour and Oliver Ekman-Larsson depleted the Panthers’ blueline for the coming season and could make Zito reluctant to move Ekblad. Nevertheless, this situation could be worth monitoring as this season unfolds.










NHL Morning Coffee Headlines – July 30, 2024

by | Jul 30, 2024

NHL Morning Coffee Headlines – July 30, 2024

The Wild sign Brock Faber to an eight-year contract extension, the Hurricanes ink Martin Necas to a two-year deal, an update on Rangers defenseman Ryan Lindgren, and more in today’s NHL Morning Coffee Headlines.

STARTRIBUNE.COM: The Minnesota Wild signed defenseman Brock Faber on Monday to an eight-year, $68-million contract extension.

Faber, 21, was runner-up last season to Chicago Blackhawks center Connor Bedard in voting for the Calder Memorial Trophy. He played all 82 games in 2023-24, sitting sixth in time on ice per game (24 minutes, 58 seconds) among NHL skaters and the most by a rookie since the statistic was first tracked in 1997.

Minnesota Wild defenseman Brock Faber (NHL Images).

His new contract begins in 2025-26 and is the longest extension in franchise history. The $8.5 million average annual value is second to Kirill Kaprizov’s $9.5 million on the Wild.

SPECTOR’S NOTE: Puckpedia also indicates Faber will get a no-movement clause and a 15-team no-trade clause in the final three years of this deal.

Faber made an impressive debut last season, becoming one of the few highlights in an otherwise dismal season for the Wild. He quickly established himself as the linchpin of their defense corps, collecting 39 assists and 47 points. Faber could become a legitimate contender for the Norris Trophy as the NHL’s top defenseman in the coming years.

Signing such a young player to a lucrative long-term contract after just one NHL season can be risky. Nevertheless, this could become a long-term bargain for the Wild if Faber reaches his full potential.

SPORTSNET: The Carolina Hurricanes avoided salary arbitration with Martin Necas, signing the 25-year-old forward to a two-year, $13-million contract. He’ll collect an AAV of $6.5 million.

Necas tallied 24 goals and 53 points in 77 games with the Hurricanes last season. He netted a career-high 71 points in 2022-23.

SPECTOR’S NOTE: Necas was a fixture in the rumor mill following reports that he was unhappy seeing third-line duty with the Hurricanes. However, the departures of forwards Jake Guentzel, Teuvo Teravainen, and Stefan Noesen prompted speculation the Hurricanes could retain Necas and give him a larger role. I’ll have more about this in today’s Rumors update.

This signing leaves the Hurricanes with $6.44 million in cap space and restricted free agent Seth Jarvis to re-sign. The 22-year-old has entrenched himself as an invaluable top-six forward but he’s coming off his entry-level contract and lacks arbitration rights. That gives Hurricanes’ management the hammer in their negotiations.

Jarvis will still get a significant raise but it could come in around $5 million, leaving Carolina some cap room for other moves during the season.

NEW YORK POST: Ryan Lindgren is the only player remaining with a scheduled arbitration hearing (Aug. 2). Larry Brooks reports the 26-year-old defenseman and the Rangers are in “continued contractual negotiations” hoping to reach an agreement before his hearing on Friday.

Lindgren is believed to be seeking a four or five-year contract with an AAV of $5 million. Rangers management reportedly prefers a two or three-year deal worth between $4 million and $4.25 million annually.

Brooks also indicated the two sides could agree to a one-year deal, allowing both sides to regroup and resume talks on Jan. 1 for a long-term extension.

SPECTOR’S NOTE: Lindgren logs big minutes in a shutdown role on the Rangers’ top defense pairing with Adam Fox. However, his physical style could take its toll on his body, making management leery of investing too much for too long on a potentially depreciating asset.

WINNIPEG FREE PRESS: Jets head coach Scott Arniel is convening a summer coaching camp for his staff. It includes integrating new assistant coaches Dean Chynoweth and David Payne into the club’s systems and structure. Staff from their AHL affiliate will also be in attendance.

SPORTSNET: Longtime Canadian hockey executive Murray Costello died Saturday at age 90.

A four-season NHL veteran with the Chicago Blackhawks, Boston Bruins and Detroit Red Wings in the 1950s, Costello was president of the Canadian Amateur Hockey Association for two decades. He created its Program of Excellence, helped establish the first women’s world championship in 1990, and spearheaded the CAMA’s merger with Hockey Canada in 1994.

Costello was a member of the International Ice Hockey Federation’s council from 1998 to 2012, including a five-year stint as vice president, and advocated for the growth of women’s hockey. He was inducted into the Hockey Hall of Fame as a builder in 2005.

SPECTOR’S NOTE: Costello had a tremendous impact on hockey. My condolences to his family, friends, and everyone who worked with him.










NHL Rumor Mill – July 29, 2024

by | Jul 29, 2024

NHL Rumor Mill – July 29, 2024

Which clubs could become trade destinations for Patrik Laine? What’s the latest on the Jets? Find out in today’s NHL Rumor Mill.

THE LATEST ON PATRIK LAINE

THE ATHLETIC: Aaron Portzline believes it’s difficult to determine which NHL clubs could become trade destinations for Patrik Laine. The 26-year-old Columbus Blue Jackets winger was cleared Friday from the NHL/NHLPA player assistance program. Laine can begin trade discussions with the Columbus Blue Jackets and interested teams can also speak with him.

Portzline points out that only six teams (Anaheim Ducks, Calgary Flames, Carolina Hurricanes, Detroit Red Wings, San Jose Sharks and Utah Hockey Club) have sufficient cap space to take on his $8.7 million annual cap hit.

SPECTOR’S NOTE: Most of the Hurricanes’ cap space will be taken up by re-signing restricted free agents Martin Necas and Seth Jarvis. The same goes for the Red Wings with Moritz Seider and Lucas Raymond.

The list more than doubles if the Blue Jackets retain up to half of Laine’s cap hit or take back a salaried player in return. Jackets general manager Don Waddell prefers the latter option.

Columbus Blue Jackets winger Patrik Laine (NHL Images).

Portzline suggested Anaheim and Carolina as possible destinations, with the Montreal Canadiens having an outside shot.

SPECTOR’S NOTE: The Ducks have the cap space to take on Laine’s full cap hit and he could provide a welcome boost to their offense. Nevertheless, they seem set on their wings for this season with Troy Terry, Frank Vatrano, Alex Killorn, Ryan Strome, Robby Fabbri and the promising Cutter Gauthier.

The Hurricanes are a possibility if they trade Martin Necas, perhaps swapping him for Laine or peddling him to another team. Otherwise, they’ll have difficulty finding sufficient cap room to do this.

Meanwhile, the Canadiens have around $7.9 million in cap space but can get an additional $10 million if necessary by placing permanently sidelined goaltender Carey Price on long-term injury reserve. They would probably prefer the Jackets retain a healthy chunk of Laine’s cap hit, assuming they’ll take the gamble on adding Laine to their rebuilding roster at this stage of his career.

Laine also has a 10-team no-trade list. Some of those clubs might be on it.

FLORIDA HOCKEY NOW: George Richards pointed out that Panthers captain Aleksander Barkov is one of Laine’s best friends. The Jackets winger knows Florida’s other Finnish players like Anton Lundell, Eetu Luostarinen, and Niko Mikkola.

Richards also noted that Laine’s best seasons were with the Winnipeg Jets under Paul Maurice, who now coaches the Panthers.

Nevertheless, Richards doesn’t see Laine joining the Panthers anytime soon, suggesting that might be possible in two years when he’s a free agent.

SPECTOR’S NOTE: The Panthers only have $766K of cap space for 2024-25. They’d have to ship out some salary to make room for Laine.

WINNIPEG FREE PRESS: Ken Wiebe puts the odds of Laine returning to the Jets at 10 and 15 percent. His contract is the significant sticking point as they couldn’t afford to take it on even if the Blue Jackets retained part of his cap hit. The Jackets’ asking price would also be an issue.

SPECTOR’S NOTE: The Jets have $5.8 million in cap space with Cole Perfetti due for a significant raise coming off his entry-level contract.

UPDATE ON THE JETS

WINNIPEG FREE PRESS: Mike McIntyre and Ken Wiebe provided an update on the standoff between the Jets and prospect Rutger McGroarty. The 20-year-old winger refused to sign an entry-level deal with the Jets and is returning to the University of Michigan in the fall.

SPECTOR’S NOTE: There’s been a much-reported disconnect between McGroarty and the Jets over the club’s development plan for him. He sees himself as NHL-ready while they’d prefer he starts with their AHL affiliate. The Jets hold his NHL rights until Aug. 15, 2026.

McIntyre doesn’t expect the Jets to give up on McGroarty and trade him for pennies on the dollar. However, his mindset makes it difficult to find much of a trade market.

Wiebe noted plenty of discussions with other teams during last month’s NHL Draft and several close calls involving a trade. The Jets haven’t closed the door on smoothing over their relationship with McGroarty. Nevertheless, Wiebe thinks he could be part of an NHL trade deadline deal for a return that includes a defenseman with several years remaining on his contract.

SPECTOR’S NOTE: McGroarty will be among the most-watched prospects in NCAA hockey this season. As Wiebe points out, the better he plays the more his value increases, to the Jets and on the trade market if he remains insistent on moving on to another NHL club.

Wiebe also noted some chatter around the draft indicating the Jets and Washington Capitals were considering a deal that would’ve included Capitals center Connor McMichael. He was bumped down the depth chart when Washington acquired Pierre-Luc Dubois.

SPECTOR’S NOTE: The Capitals could need salary-cap relief if T.J. Oshie doesn’t end up on LTIR to start this season. However, it’s doubtful they’ll part with the 23-year-old McMichael, who can be moved to left wing. He also carries an affordable $2.1 million AAV through 2025-26. Moving him now would also leave the Capitals scrambling to find a replacement in the depleted trade and free-agent markets.