NHL Rumor Mill – September 24, 2020
A look at Sportnet’s list of possible contract buyout candidates in today’s NHL rumor mill.
SPORTSNET: Montreal Canadiens defenseman Karl Alzner, Edmonton Oilers winger James Neal and New York Rangers goaltender Henrik Lundqvist top Luke Fox’s list of 14 players who might be considered for contract buyouts.
Buying out Neal would free up $3.83 million if the Oilers need room to go shopping in the trade or free-agent markets. The Rangers, meanwhile, don’t intend to carry three goalies as they did this season, making Lundqvist a possible buyout candidate.
SPECTOR’S NOTE: Alzner has two years left on his contract with an annual average value of $4.625 million. The Habs have kept him buried in the minors and could afford to do so again for 2020-21. Cap Friendly indicates buying him out would only give them over $666K in cap savings next season, though that increases to $2.66 million in 2021-22.
The first buyout period runs from Sept. 25 to Oct. 8. The New York Post’s Larry Brooks suggests the Rangers could wait until the 24-hour second buyout window following the settlement or award on filings by any one of their arbitration-eligible restricted free agents. That would allow some additional time to determine if there’s a trade partner for Lundqvist once the goalie market carousel slows down.
Chicago Blackhawks defenseman Olli Maatta, Vegas Golden Knights goalie Marc-Andre Fleury, and Vancouver Canucks forwards Loui Eriksson and Sven Baertschi are also on Fox’s list.
SPECTOR’S NOTE: The Blackhawks would see substantial savings buying out Maatta, as the annual cap hit over the next four years would be over $680K. I believe the Golden Knights will attempt to trade Fleury if they re-sign Robin Lehner. A buyout could be the option of last resort.
Fox points out an Eriksson buyout wouldn’t provide much cap relief for the Canucks, but they would get $1.7 million in relief by buying out Baertschi. Canucks GM Jim Benning could prefer the trade route for one or both, even if it meant absorbing some salary.
Nashville Predators center Kyle Turris, New York Islanders winger Andrew Ladd, Detroit Red Wings forward Justin Abdelkader and Florida Panthers defenseman Anton Stralman are other possible buyout candidates.
SPECTOR’S NOTE: Fox points out Turris has four years at $6 million annually on his contract, Ladd has three years with an AAV of $5.5 million, while Abdelkader has three years at $4.25 million annually remaining on his deal.
Because buyouts are at twice the remaining tenure, their respective teams could be reluctant to go that route. The Isles won’t get much immediate cap relief buying out Ladd. Stralman has two years at $5.5 million annually left. A buyout would provide $3 million in cap savings for next season.
Buffalo Sabres winger Kyle Okposo, Anaheim Ducks winger David Backes, and Boston Bruins defenseman John Moore round out Fox’s list. It was subsequently noted the Ducks informed Backes they’ll keep him for next season.
SPECTOR’S NOTE: Okposo and Moore each have three years remaining on their contracts. The Sabres have gone the buyout route in the past so we can’t dismiss the possibility they’ll do it again. However, an Okposo buyout would count as $4 million against their cap for next season and $5 million in 2021-22.