NHL.COM: In his latest mailbag, Dan Rosen was asked about the odds of the New York Rangers and goaltender Igor Shesterkin failing to agree to a new contract, forcing them to trade him.
New York Rangers goaltender Igor Shesterkin (NHL Images).
Rosen dismissed that possibility, citing Shesterkin’s value to the Rangers. He also noted the 28-year-old netminder has plenty of years left in his playing prime. Shesterkin will seek market value on his next contract and Rosen expects a deal will be in place before his UFA eligibility next July.
SPECTOR’S NOTE: Shesterkin will receive the most expensive contract for a goaltender in NHL history. It’ll be between seven and eight years and could come in around $12 million annually.
One reader asked Rosen what Jeremy Swayman’s new contract with the Boston Bruins would look like. He anticipates it could come in around $9 million annually depending on the length of the deal. It could dip below $9 million if the 25-year-old goalie seeks an eight-year contract, or jump to the $10 million range if he wants a five-year deal.
SPECTOR’S NOTE: That could explain why the Bruins and Swayman haven’t yet hammered out an agreement. The two sides could still be negotiating the term and dollars. Plenty of time remains for them to get it done before training camp opens in September.
Another reader noted the Washington Capitals got $3.9 million back due to the termination of Evgeny Kuznetsov’s contract and wondered if they might pursue someone like Patrik Laine. Rosen thinks they could be in the mix for Laine once he’s cleared to resume his playing career. He believes the Capitals have sufficient cap space to add another forward via trade.
SPECTOR’S NOTE: PuckPedia shows the Capitals sitting over $10.2 million above the $88 million salary cap. However, they’ll get $9.2 million in cap relief with Nicklas Backstrom on long-term injury reserve. The Caps could also get an additional $5.75 million if T.J. Oshie joins Backstrom on the LTIR list. Factor in Kuznetsov’s buyout and they could have sufficient room to make another addition, be it Laine or another forward.
THE HOCKEY NEWS: Speaking of Kuznetsov, Sammi Silber reports his agent, Shumi Babayev, said there is interest from 15 NHL teams in the 32-year-old center. The former Hurricane and Capital is also believed weighing offers from KHL teams.
SPECTOR’S NOTE: Kuznetsov probably didn’t expect to hear from other NHL teams following the termination of his contract. Those clubs could attempt to sign him to a low-cost one-year deal worth around $2.5 million.
PHILLY HOCKEY NOW: Jonathan Bailey noted a recent report indicating Kirill Marchenko hadn’t received a worthy offer from the Columbus Blue Jackets and had yet to speak with new general manager Don Waddell. Bailey suggested this could be an opportunity for the Flyers to attempt to acquire the 24-year-old forward.
SPECTOR’S NOTE: Marchenko also indicated he believed he would hear from Waddell this week and would likely get a better offer from him then. His arbitration hearing is slated for July 31 but he’s likely to end up settling with the Jackets before then. It’s unlikely he’ll be available for the Flyers or anyone else to acquire.
Jets prospect Rutger McGroarty isn’t interested in signing with the club and wants a trade. Meanwhile, there is talk winger Nikolaj Ehlers could be on his way out.
Winnipeg Jets winger Nikolaj Ehlers (NHL Images).
SPECTOR’S NOTE: McGroarty and Ehlers have recently surfaced in the rumor mill. However, Winnipeg doesn’t have to move either player this summer. McGroarty’s NHL rights still belong to the Jets while Ehlers has one year remaining on his contract. They could trade one or both this summer or at some point in the lead-up to the March trade deadline.
The Avalanche have 19 of their 23 active roster spots filled for 2024-25 but don’t have much cap room. Uncertainty hangs over sidelined captain Gabriel Landeskog and suspended winger Valeri Nichushkin.
SPECTOR’S NOTE: Landeskog hopes to return to action after missing the last two seasons recovering from knee surgeries. He carries an annual salary-cap hit of $7 million. They were able to garner cap relief the last two years by placing Landeskog on long-term injury reserve.
Nichshukin, meanwhile, has a $6.125 million cap hit. He’s in stage 3 of the NHL/NHLPA player assistance program and is suspended until mid-November. The Avs can place him on long-term injury reserve to start the season but they must be cap-compliant when his suspension ends.
The Avalanche faces a cost-cutting move if Landeskog returns to action and Nichushkin comes back in November. They don’t have to do it now but are over the $88 million cap ceiling by $1.33 million with four active roster spots to fill. They can remain over the cap by 10 percent until their season opener in October.
SPECTOR’S NOTE: Like the Avalanche, a lack of cap space is hampering the Golden Knights’ efforts to bolster their roster. It’s what led to the departures of those players. They’re above the cap by over $3.6 million but have relief for the coming season with goalie Robin Lehner and his $5 million cap hit on LTIR. They have room to add three more contracts to reach the maximum of 50 but they already have a full active roster of 23.
The Golden Knights could make a splash in the trade pool. However, they could be content to start the season with their current roster and see how things unfold.
SPECTOR’S NOTE: The Panthers’ Bill Zito is among the more aggressive NHL general managers. However, he only has a little over $766K in cap space for 2024-25 with 22 of his 23 active roster spots filled.
Zito could trade Ekblad and his $7.5 million cap hit but doing so would blow a big hole in their blueline that will be difficult to fill. He could be stuck with affordable depth moves for now.
Kuznetsov has one year remaining with Carolina. The report claimed he’d head to SKA St. Petersburg after he works with the Hurricanes to terminate his NHL contract.
Shumi Babayev, a player agent and Kuznetsov’s friend downplayed the report. He said there was interest in the 32-year-old center from several KHL clubs. However, he added it is too early to definitively say he’s heading back to Russia.
Silber noted that terminating Kuznetsov’s contract would remove his NHL cap hit from the books of the Hurricanes and his former club, the Washington Capitals. The Hurricanes carry half of his $7.8 million cap hit and the Capitals the other half.
A buyout is also possible once the Hurricanes’ contract arbitration hearings are settled. That would count as two-thirds of the remaining value over twice the remaining term for both teams.
SPECTOR’S NOTE: The Hurricanes and Capitals would likely prefer a contract termination over a buyout. Kuznetsov’s performance has steadily declined over the last two seasons.
A look at the most interesting salary arbitration cases, the Capitals make a notable front-office change, and more in today’s NHL Morning Coffee Headlines.
SPORTSNET: Ryan Dixon looked at some of the more interesting potential salary arbitration cases worth watching. Fourteen players filed for arbitration by the July 5 deadline. There were no club-elected arbitration cases.
Carolina Hurricanes forward Martin Necas (NHL Images).
Topping the list is Carolina Hurricanes forward Martin Necas. The 25-year-old has featured prominently in the rumor mill as reports emerged about his unhappiness skating as a third-line winger. There’s also been a management change as Eric Tulsky took over as general manager from Don Waddell.
Other notable cases that could be worth monitoring include New York Rangers defenseman Ryan Lindgren, Buffalo Sabres starting goaltender Ukko-Pekka Luukkonen, Tampa Bay Lightning blueliner J.J. Moser, and Columbus Blue Jackets forward Kirill Marchenko.
SPECTOR’S NOTE: Moser’s could be interesting because he was recently acquired from the Utah Hockey Club. The Lightning sees him as a replacement for Mikhail Sergachev, who was swapped for Moser, prospect center Conor Geekie, and two draft picks.
The Bolts won’t pay Moser as much as Sergachev ($8.5 million annually) but the 24-year-old Swiss blueliner will seek a significant raise coming off his entry-level contract.
Most of these cases are settled well before their scheduled arbitration hearings between July 20 and Aug. 4. Sometimes, one or two end up going before an arbitrator.
TSN: The Washington Capitals named Chris Patrick as their new general manager while long-time GM Brian MacLellan remains as president of hockey operations. Patrick, 48, has worked in various roles with the Capitals, spending the past three seasons as assistant GM.
SPECTOR’S NOTE: The report indicates this follows a recent trend around the league where an established general manager moves upstairs and cedes day-to-day operations. MacLellan will still maintain oversight over any significant roster decisions. He’d served as GM since 2014 and helped them win their first Stanley Cup in 2018.
MacLellan improved the Capitals roster in recent weeks, swapping goalie Darcy Kuemper for center Pierre-Luc Dubois, acquiring defenseman Jakob Chychrun from the Ottawa Senators, winger Andrew Mangiapane from the Calgary Flames, and netminder Logan Thompson from the Vegas Golden Knights. He also signed top-four defenseman Matt Roy.
COLORADO HOCKEY NOW: Avalanche winger Valeri Nichushkin discussed the “Seattle Incident” during the 2023 playoffs with a Russian interviewer. His comments were made before he was placed in stage 3 of the NHL/NHLPA player assistance program on May 14 and suspended for six months.
SPECTOR’S NOTE: Nichushkin left the Avalanche during their 2023 first-round series with the Seattle Kraken after a team doctor discovered an intoxicated woman in the winger’s Seattle hotel room, and called an ambulance to take her to a hospital. The club did not acknowledge the police report or indicate if Nichushkin was punished. The league indicated it was satisfied with how the situation was handled.
Nichushkin said he was receiving treatments for a shoulder injury at the time that required injections. He claimed he wasn’t scheduled to play for the remainder of the series against the Kraken, saying he hung out with some friends that night and then flew back to Denver. Nichushkin stated the girl in his hotel room had nothing to do with him. He also said the team told him not to comment about the incident at the time, something he now claims was a mistake.
SPECTOR’S NOTE: It remains to be seen if Nichushkin faces any repercussions for these comments.
TSN: The Utah Hockey Club re-signed forward Barrett Hayton to a two-year contract with an average annual value of $2.65 million.
PHILLY HOCKEY NOW: Former Flyers goaltender Carter Hart could sign with a KHL team. He is among five players charged in the 2018 Hockey Canada sexual assault case and is currently awaiting trial. The Flyers opted not to qualify Hart’s rights on July 1, making him an unrestricted free agent.
SPECTOR’S NOTE: Former Calgary Flames winger Dillon Dube is among those five players. He signed a one-year contract with KHL club HC Dinamo Minsk. The report stated it’s unclear if extraneous circumstances allowed Dube to leave Canada before facing trial.
BUFFALO HOCKEY NOW: The Sabres signed 2024 first-round pick Konsta Helenius to a three-year entry-level contract. The 18-year-old center was chosen 14th overall.
KUKLA’S KORNER: The Dallas Stars entered into a seven-year agreement with A Parent Media Co. Inc. (APMC) to stream all their regional games free of charge. Starting this season, the games will be broadcast on the newly formed VICTORY+, a free direct-to-consumer streaming service created for fans by APMC with the Dallas Stars.
THE NEWS & OBSERVER: The Carolina Hurricanes named Doug Warf their new team president. He will oversee the club’s business operations and the operation of PNC Arena. He succeeds Don Waddell, who recently stepped down to join the Columbus Blue Jackets.
Contract extensions for Jaccob Slavin, Juuse Saros and Juraj Slafkovsky, analysis of the Jakob Chycrhun and Reilly Smith trades, reaction to some of the notable UFA signings from the opening day of free agency, and much more in today’s NHL Morning Coffee Headlines.
**UPDATE**
The Tampa Bay Lightning signed defenseman Victor Hedman to a four-year contract extension with an average annual value of $8 million. He has a year remaining on his current contract with a cap hit of $7.875 million.
EXTENSIONS FOR SLAVIN, SAROS, AND SLAFKOVSKY
THE NEWS & OBSERVER: The Carolina Hurricanes signed defenseman Jaccob Slavin to an eight-year, $51.69 million contract extension. The average annual value is $6.46 million and comes with a no-movement clause.
SPECTOR’S NOTE: Carolina re-signed their top defenseman at a bargain price. He could’ve gotten a much bigger cap hit in next summer’s free-agent market but opted for the security of an eight-year deal with his long-time NHL club.
The Hurricanes also moved quickly to address the departures of Brady Skjei and Brett Pesce via free agency. They signed Shayne Gostisbehere to a three-year deal with an AAV of $3.2 million and Sean Walker to a five-year contract with a $3.6 million AAV. They’re more affordable but won’t fully replace the skills of Skjei and Pesce.
THE TENNESSEAN: The Nashville Predators officially announced Juuse Saros’ contract extension. It’s an eight-year, $61.92 million deal with an AAV of $7.74 million.
SPECTOR’S NOTE: Predators general manager Barry Trotz indicated last week that Saros was also entitled to some trade protection toward the end of the contract. There’s currently no indication on PuckPedia and CapFriendly what that is but it’s safe to assume Saros will have some sort of no-trade clause in this contract.
MONTREAL HOCKEY NOW: The Canadiens signed winger Juraj Slafkovsky to an eight-year contract extension with an average annual value of $7.6 million.
SPECTOR’S NOTE: The Canadiens are betting on the promising Slafkovsky blossoming into a scoring star based on his 20-goal, 50-point sophomore season. He will be the third-highest-paid skater on the Canadiens behind captain Nick Suzuki ($7.875 million) and winger Cole Caufield ($7.85 million). Those contracts will look like bargains if this trio reaches their expected potential.
JAKOB CHYCHRUN TRADED TO THE CAPITALS, REILLY SMITH TO THE RANGERS
OTTAWA SUN: The Senators traded Jakob Chychrun yesterday to the Washington Capitals for defenseman Nick Jensen and a 2026 third-round pick. They had to lower their asking price from a first and second-round pick or a high-end prospect before the 2024 NHL Draft.
Jensen, 33, is a right-shot defenseman carrying an AAV of $4.05 million through 2025-26.
THE HOCKEY NEWS: Sammi Silber reports Chychrun could earn a contract extension with the Capitals if he plays well for them this season. He’ll bolster their defense corps and provide some additional offense from the blueline.
SPECTOR’S NOTE: The Senators had to move Chychrun because he’s slated to become a UFA next summer and they weren’t re-signing him. Still, this is a disappointing return. Jensen is approaching his mid-thirties when a player’s skills begin to deteriorate.
Adding Chychrun and signing former Los Angeles Kings defenseman Matt Roy to a six-year contract should significantly boost the Capitals’ defense.
NEW YORK POST: The Rangers acquired “a proven playoff performer” in Reilly Smith, acquiring the 33-year-old winger yesterday from the Pittsburgh Penguins in exchange for a conditional 2025 fifth-rounder pick and a 2027 second-rounder. Smith has a year remaining on his contract with an AAV of $5 million but the Penguins retained $1.25 million.
SPECTOR’S NOTE: Smith was a reliable scoring winger during his six seasons with the Vegas Golden Knights, helping them win the Stanley Cup in 2023. Traded to the Penguins last summer, he struggled in Pittsburgh amid rumors he wasn’t happy with his new club.
Smith gets a chance for a reset with the Rangers as they attempt once again to boost their depth at right wing. The Penguins, meanwhile, cut ties with a player who didn’t fit with their roster.
PREDATORS MAKE THE BIGGEST MOVES TO OPEN THE UFA MARKET
THE TENNESSEAN: The Nashville Predators were the big spenders from the opening day of free agency, investing more than $111 million on Steven Stamkos, Jonathan Marchessault, Brady Skjei and Scott Wedgewood.
Trotz claimed this was a statement to the rest of the league that these players wanted to come to Nashville. “These players see what we’re doing with the franchise. We have lots to offer, and we’re very determined to win.”
SPECTOR’S NOTE: These moves, especially the additions of Stamkos, Marchessault and Skjei, could turn the Predators into a Stanley Cup contender again. However, it’s risky because of the ages of Stamkos (34) and Marchessault (33). If those players decline quicker than expected their contracts will become burdensome for the Predators even if the salary cap continues to rise significantly in the foreseeable future.
STAMKOS DEPARTURE MARKS THE END OF AN ERA IN TAMPA BAY
TAMPA BAY TIMES: Lightning fans and pundits, meanwhile, are mourning the departure of Stamkos as the end of an era. Chosen first overall by the Bolts in 2008, Stamkos became the franchise’s greatest star. He’s their all-time leader in games played (1,082), goals (555) and points (1,137), leading them through the franchise’s greatest era, winning two Stanley Cups and a Presidents’ Trophy.
SPECTOR’S NOTE: Lightning GM Julien BriseBois cut ties with Stamkos and opted to sign the younger Jake Guentzel because he felt his captain was past his prime and on the decline. It could prove to be the right decision but BriseBois’ handling of the situation hasn’t sat well with many of the Lightning faithful.
ROUNDUP OF NOTABLE UFA SIGNINGS WE MAY HAVE MISSED
SPECTOR’S NOTE: I compiled a quick list of the noteworthy signings from the opening day of the 2024 free-agent market. NHL.com has a complete breakdown by team. Here are a handful of some other notable signings of Day 1.
The Edmonton Oilers brought back forward Adam Henrique on a two-year contract with an AAV of $3 million.
The Vegas Golden Knights signed goaltender Ilya Samsonov to a one-year, $1.8 million contract.
The Chicago Blackhawks signed defenseman T.J. Brodie to a two-year contract with an AAV of $3.75 million.
The Tampa Bay Lightning signed forward Zemgus Girgensons to a three-year deal with an AAV of $850K.
SPECTOR’S NOTE: That one’s notable because Girgensons is moving on from the Buffalo Sabres after 10 seasons.
IN OTHER NEWS…
PHILLY.COM: The Flyers officially announced Matvei Michkov signed his entry-level contract.
SPECTOR’S NOTE: Expectations are high for Michkov. The 19-year-old winger is expected to be a key piece of the retooling Flyers. He could make his NHL debut this season.
THE MONTREAL GAZETTE: Alex Burrows has stepped down as an assistant coach with the Canadiens for family reasons. He will remain with the club as a consultant and could assist in their search for a new head coach for their AHL affiliate in Laval.
NHL.COM: The league has reinstated Joel Quenneville, Stan Bowman and Al MacIsaac. They had been suspended since Oct. 2021 due to what the league called an inadequate response upon being informed in 2010 of allegations that Chicago Blackhawks player Kyle Beach had been sexually assaulted by video coach Bradley Aldrich.”
SPECTOR’S NOTE: Typical of the NHL to try and sneak this in during one of the busiest days on their calendar. There’s greasy and then there’s NHL greasy.
This decision means Quenneville, Bowman and MacIsaac can now seek employment with NHL teams. The old boys’ network remains alive and well.
I’ll leave the final word on this with The Athletic’s Scott Powers:
What Brad Aldrich allegedly did while with the Blackhawks was bad enough, but their management’s failure to properly report him allowed him to go on & sexually assault a minor. To me, there’s no coming back from that. Maybe not surprising, but the NHL’s decision was wrong today.
List Of Notable NHL UFA Signings and Trades – July 1, 2024
NOTE: This list will be updated throughout the day as free-agent signings become official.
Edmonton Oilers sign Jeff Skinner to a one-year, $3 million contract.
San Jose Sharks sign Alex Wennberg to a two-year deal with an average annual value of $5 million.
Toronto Maple Leafs sign Oliver Ekman-Larsson to a four-year contract with an average annual value of $3.5 million.
Edmonton Oilers signed Viktor Arvidsson to a two-year contract with an AAV of $4 million.
New Jersey Devils signed Brenden Dillon to a three-year deal with an AAV of $4 million.
Dallas Stars sign Matt Dumba to a two-year contract with an AAV of $3.75 million.
Carolina Hurricanes sign Sean Walker to a five-year contract with an average annual value of $3.6 million.
Nashville Predators re-sign Alexandre Carrier to a three-year deal with an average annual value of $3.75 million.
Los Angeles Kings sign Warren Foegele to a three-year deal with an AAV of $3.5 million.
San Jose Sharks sign Tyler Toffoli to a four-year contract with an average annual value of $6 million.
The New York Rangers acquire Reilly Smith from the Pittsburgh Penguins for a 2027 second-round pick and a 2025 fifth-rounder. The Penguins also retain 25 percent of Smith’s $5 million cap hit for 2024-25.
New Jersey Devils sign Brett Pesce to a six-year deal with an average annual value of $5.5 million.
New York Islanders sign Anthony Duclair to a four-year contract with an AAV of $3.5 million.
Chicago Blackhawks sign Teuvo Teravainen to a three-year contract with an average annual value of $5.4 million.
Calgary Flames sign Anthony Mantha to a one-year contract worth $3.5 million.
Seattle Kraken signed Chandler Stephenson to a seven-year contract worth an average annual value of $6.25 million.
Ottawa Senators sign David Perron to a two-year deal with an AAV of $4 million.
Buffalo Sabres sign Jason Zucker to a one-year contract worth $5 million.
Nashville Predators sign Steven Stamkos to a four-year contract with an average annual value of $8 million.
Seattle Kraken ink Brandon Montour to a seven-year contract with an AAV of $7.14 million
Boston Bruins sign Elias Lindholm to a seven-year contract with an AAV of $7.75 million.
Boston Bruins sign Nikita Zadorov to a six-year deal with an average annual value of $5 million.
Nashville Predators sign Jonathan Marchessault to a five-year contract with an average annual value of $5.5 million.
Nashville Predators sign Brady Skjei to a seven-year contract with an AAV of $7 million.
Vancouver Canucks sign Jake DeBrusk to a seven-year deal with an AAV of $5.5 million
Columbus Blue Jackets ink Sean Monahan to a five-year contract with an AAV of $5.5 million
Washington Capitals acquire defenseman Jakob Chychrun from the Ottawa Senators in exchange for defenseman Nick Jensen and a 2026 third-round pick.
Florida Panthers re-sign Sam Reinhart to an eight-year deal with an average annual value of $8.63 million.
Tampa Bay Lightning sign Jake Guentzel to a seven-year contract with an average annual value of $9 million
Detroit Red Wings re-sign Patrick Kane to a one-year contract with a base salary of $4 million and $2.5 million in bonuses.
Chicago Blackhawks sign Tyler Bertuzzi to a four-year deal with an AAV of $5.5 million.
Toronto Maple Leafs sign Chris Tanev to a six-year contract with an AAV of $4.5 million
Toronto Maple Leafs sign Max Domi to a four-year deal with an AAV of $3.75 million.
Dallas Stars re-sign Matt Duchene to a one-year, $3 million contract.
The Tampa Bay Lightning traded Mikhail Sergachev to the Utah Hockey Club in exchange for JJ Moser, Conor Geekie, a second-round pick in the 2025 draft that originally belonged to the Toronto Maple Leafs, and a seventh-rounder in this year’s draft.
Tampa Bay Lightning trade Mikhail Sergachev to Utah Hockey Club (NHL Images).
The Vegas Golden Knights traded goaltender Logan Thompson to the Washington Capitals for pick No. 83 in this year’s draft and a 2025 third-rounder.
The New Jersey Devils traded goaltender Akira Schmid and forward Alexander Holtz to the Vegas Golden Knights for forward Paul Cotter and a 2025 third-round pick.
Toronto Maple Leafs acquired the rights to defenseman Chris Tanev from the Dallas Stars in exchange for minor-league forward Max Ellis and a seventh-round pick in the 2026 Draft.
The Utah Hockey Club trades the 49th overall pick and a 2025 second-rounder (originally belonging to the Edmonton Oilers) to the New Jersey Devils for defenseman John Marino and a fifth-rounder that originally belonged to the Colorado Avalanche.
Los Angeles Kings acquire winger Tanner Jeannot from the Tampa Bay Lightning in return for a pick in this year’s draft (#118) and a second-round pick in 2025.
The St. Louis Blues have traded forward Kevin Hayes and a 2025 second-rounder to the Pittsburgh Penguins for future considerations.
Buffalo Sabres acquired forward Beck Malenstyn from the Washington Capitals in exchange for a second-round pick (43rd overall) in this year’s draft.
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