NHL Free Agent Flat Cap Fallout – Metropolitan Division
NHL Free Agent Flat Cap Fallout – Metropolitan Division
How much would it cost to acquire Sabres captain Jack Eichel? How will a flat salary cap affect the Capitals? Find out in today’s NHL rumor mill.
LATEST ON THE SABRES
WGR550: Joe DiBiase weighs in on the cost for interested clubs to acquire Jack Eichel. He was inspired by the recent musings from some fans and pundits over what it would take to acquire the Buffalo Sabres captain.

What would it cost to acquire Buffalo Sabres center Jack Eichel? (Photo via NHL Images)
DiBiase dismisses the recent talk of Eichel supposedly being frustrated with the Sabres as speculation. He believes there’s “no way in hell” the 23-year-old superstar is getting traded now. Nevertheless, he decides to show why it will be difficult for rival clubs to pry away Eichel from the Sabres.
DiBiase believes the asking price to be a young No. 1 center and something of significance. He quickly dismissed 19 of the 31 NHL clubs as lacking the necessary components to make that trade.
For the rest, here is what DiBiases believes are fair asking prices:
Calgary Flames: Sean Monahan, Matthew Tkachuk, and a first-round pick.
Colorado Avalanche: Nathan MacKinnon and Tyson Jost.
Carolina Hurricanes: Sebastian Aho and Andrei Svechnikov.
Dallas Stars: Tyler Seguin and Miro Heiskanen.
Edmonton Oilers: Connor McDavid.
Florida Panthers: Aleksander Barkov, Spencer Knight, and a first-round pick.
New Jersey Devils: Jack Hughes, Nico Hischier, and two first-round picks.
New York Rangers: Mika Zibanejad, Kaapo Kakko, and two first-round picks.
Toronto Maple Leafs: Auston Matthews, Rasmus Sandin.
Vancouver Canucks: Elias Pettersson and Brock Boeser.
Winnipeg Jets: Mark Scheifele and Nikolaj Ehlers
SPECTOR’S NOTE: Far-fetched? Outrageous? Completely unlikely to happen? You bet, but those returns make more sense than most of the Eichel trade scenarios floating around in cyberspace. Google “Eichel Trade Rumor” to see what I mean. Some folks seem to think they can get the Sabres’ captain for a package of draft picks, prospects, and cast-offs.
Eichel is a great player on a bad team. He’d be even greater on a good one. And no, your favorite club won’t be able to take advantage of the Sabres’ dysfunctional front office to steal away their captain. Unless Eichel forces the issue, and there’s no indication he’s going to anytime soon, they have no intention of trading their franchise player.
CAPITALS FACE A CAP CRUNCH
NBC SPORTS WASHINGTON: JJ Regan examines what a flat cap of $81.5 million means for the Washington Capitals over the next two seasons. They have 11 forwards, four defensemen, and one goalie under contract for 2020-21, with a little less than $10.4 million in cap space remaining.
Their unrestricted free agents include goaltender Braden Holtby, defensemen Brenden Dillon and Radko Gudas, while winger Ilya Kovalchuk. Jonas Siegenthaler and Travis Boyd are their restricted free agents.
“Does this ensure the end of Holtby’s time in Washington? Does the team wait on a long-term extension for Ovechkin to get a better idea of where the salary cap may be in a few years? Can the team afford to keep any of its UFAs? Does the team leave (TJ) Oshie exposed to Seattle in the expansion draft?”
SPECTOR’S NOTE: Holtby was expected to depart via free agency even when the salary cap was projected to rise to between $84-$88 million. Gudas and Kovalchuk aren’t expected back. Re-signing Dillon could eat up between $4-$5 million annually. That won’t leave much to fill out the rest of the roster.
They could wait on an extension for Ovechkin until they see how things look beyond next season. Cap Friendly indicates they’ve got over $57 million invested in 13 players, with Jakub Vrana and Ilya Samsonov also to re-sign. They could be forced to leave Oshie or another comparable salary exposed in next year’s expansion draft to free up sufficient space for Ovechkin, Vrana, and Samsonov.
What next for the Sabres after their management purge? What are the Capitals’ off-season trade targets? Find out in today’s NHL rumor mill.
BIG DECISIONS FACE THE SABRES’ NEW GM
THE HOCKEY NEWS: Matt Larkin wonders if the Buffalo Sabres replacing Jason Botterill as general manager with Kevyn Adams will be enough to fix the struggling club.

Buffalo Sabres defenseman Rasmus Ristolainen (Photo via NHL Images).
He feels Adams will have “lots of runway” to re-sign key restricted free agents Sam Reinhart, Victor Olofsson, and Linus Ullmark. He’ll also have plenty of time to fill out the roster for next season. The Sabres currently have 10 players (four forwards, five defensemen, and a goalie) under contract for 2020-21.
Adams could dramatically reshape the Sabres for next season. Larkin, however, wonders how much agency he’ll have to do so.
NBC SPORTS: James O’Brien also weighed in on the key decisions facing Adams. Defenseman Rasmus Ristolainen could be their most notable trade candidate. He’s frequently come up in trade rumors for some time, leading O’Brien to wonder if Botterill sought too much for the blueliner or was his market value really that cold. He suggests the Sabres might be better off cutting their losses with Ristolainen even at a discount rate.
O’Brien also wondered if Adams will stick with the goalie tandem of Ullmark and Carter Hutton or plunge into a pretty promising UFA market. He could then attempt to trade Hutton or send him to the minors.
The Sabres have lots of salary-cap room next season. Adams could attempt to go big in the UFA market by targeting St. Louis Blues defenseman Alex Pietrangelo or Arizona Coyotes winger Taylor Hall. However, O’Brien notes the Sabres have been burned before with expensive UFA signings. He also suggested perhaps targeting a cap-strapped team, like the Tampa Bay Lightning, in the trade market.
SPECTOR’S NOTE: The Pegulas apparently slashed their management and scouting staffs in part to cut costs. Perhaps that mindset also extends to next season’s salary-cap payroll.
Cap Friendly indicates they have over $47 million invested in next season’s roster. That will obviously rise as they re-sign RFAs like Reinhart, Olofsson, and Ullmark, and perhaps Brandon Montour or a UFA like Wayne Simmonds. Nevertheless, they must still spend to get over the $60 million cap floor and ice a competitive roster.
Adams could surprise us by chasing one or two big-name UFAs, but I think he’ll make modest dips into that pool. I can see him trying to pry away a decent player or two from clubs looking to shed salary. Perhaps he dangles Ristolainen to a team that’s deep in scoring forwards but in need of blueline depth.
CAPITALS OFF-SEASON NEEDS
THE ATHLETIC (subscription required): In a recent mailbag segment, Tarik El-Bashir was asked about any possible off-season trade candidates or targets for the Washington Capitals.
El-Bashir said he doesn’t get the sense that Capitals management is eager to move anyone under contract for next season. As for possible options to address next season, he believes they’ll need a veteran top-four defenseman and doesn’t rule out re-signing Brenden Dillon. They’ll also need a third-line left wing to replace Ilya Kovalchuk and a proven goalie to back up Ilya Samsonov.
SPECTOR’S NOTE: There are several quality backups potentially available in this summer’s free-agent market. The notables include Anton Khudobin, Thomas Greiss, and Cam Talbot.
Check out the latest Flames and Capitals speculation in today’s NHL rumor mill.
LATEST ON THE FLAMES
SPORTSNET: Eric Francis recently examined four of the biggest off-season questions facing the Calgary Flames.
Francis believes it may have been clear to management to consider trading Johnny Gaudreau and/or Sean Monahan had they failed to get the Flames into the playoffs this season or beyond the opening round. Assuming the schedule doesn’t resume, Gaudreau and Monahan will get another shot at it next year.
SPECTOR’S NOTE: I don’t think the Flames will move Gaudreau and/or Monahan following this season. If the schedule resumes this summer and the Flames struggle again, it will be a justifiable reason not to peddle one or both of their young stars. Nevertheless, those two will feel the pressure to step it up next season. Another disappointing finish in 2020-21 will raise questions over their respective futures in Calgary.
Five of their nine defensemen – Travis Hamonic, TJ Brodie, Michael Stone, Erik Gustafsson, and Derek Forbort – are unrestricted free agents. Keeping Hamonic or Brodie could be the priority, while Calgary-resident Stone could be re-signed at the league minimum as a short-term insurance policy.
SPECTOR’S NOTE: The Flames are fortunate to have some promising youngsters that can replace those UFA blueliners they don’t re-sign. I can see them keeping Hamonic or Brodie to maintain some experienced stability on the right side of their blueline. I agree with Francis’ take on Stone. Gustafsson and Forbort, meanwhile, were short-term pickups to buoy the Flames’ defense down the stretch and into this postseason
Re-signing Cam Talbot and what form of compensation they’ll get from last summer’s James Neal-for-Milan Lucic are other questions facing the Flames. Talbot resurrected his career in Calgary, but Francis wondered if he might prefer playing where he can get more playing time.
The Flames were supposed to receive a third-round pick in 2020 if Neal scored 21 goals and Lucic ten fewer than Neal. Neal has 19 goals and Lucic eight. If the season isn’t resumed, the Flames could appeal for a ruling from the league.
SPECTOR’S NOTE: If the Flames are comfortable with David Rittich was their starter, they can afford to part ways with Talbot unless he’s willing to accept the backup role. They can find some suitable replacements for him via the UFA market.
CAPITALS FREE-AGENTS UPDATE
THE ATHLETIC: Tarik El-Bashir recently examined the decisions faced by Washington Capitals managment regarding their unrestricted free agents.
Despite the second-half improvement in goaltender Braden Holtby‘s performance, his days are likely numbered in Washington. The Caps’ limited cap room makes him too expensive to re-sign. Meanwhile, recently-acquired winger Ilya Kovalchuk‘s performance over the rest of the schedule and the Capitals cap space will determine whether they can afford him.
A strong finish to the season could earn recently-acquired defenseman Brenden Dillon a contract extension if his asking price is reasonable. Blueliner Radko Gudas appeared the odd-man-out in recent games, which doesn’t bode well for his return.
SPECTOR’S NOTE: I concur with those assessments. With over $71 million invested in 16 players for 2020-21, they’ll only have around $10 million to work with if the cap remains at $81.5 million.
Despite his struggles, Holtby will seek a raise over his current $6 million AAV. With Ilya Samsonov their future starter, they have little choice but to part ways with Holtby following this season. Kovalchuk, meanwhile, is reportedly all-but-assured of returning to the Montreal Canadiens on a one-year, bonus-laden deal next season.
The NHL regular-season may be paused, but the trade and free-agent rumor mill churn on. Check out the latest on the Leafs and Sharks.
LEAFS WOULD BE AFFECTED BY FLAT SALARY CAP
SPORTSNET: Luke Fox examined the effect of the salary cap remaining at $81.5 million could affect the Toronto Maple Leafs. He wondered if pending UFA forwards Kyle Clifford and Jason Spezza would accept something near the league minimum to re-sign with the Leafs.
UFA defenseman Tyson Barrie and Cody Ceci aren’t expected back. Their spots could be filled by affordable youngsters like Rasmus Sandin and Timothy Liljegren, but that would leave only Morgan Rielly and Jake Muzzin as established veterans. Fox wonders who they could add via trade or free agency and what the price would be. Re-signing RFAs like Ilya Mikheyev, Travis Dermott, and Frederic Gauthier will also eat up valuable cap room.

A flat salary cap could force the Toronto Maple Leafs to swap a forward like Kasperi Kapanen for a defenseman (Photo via NHL Images).
A nuclear option to address their blueline needs would involve trading a top forward like William Nylander, Mitch Marner, Auston Matthews or John Tavares, but Fox doesn’t detect any desire from Leafs management to go that route. Instead, they could be forced to swap a middle-class forward such as Kasperi Kapanen, Andreas Johnsson, or Alexander Kerfoot for a defenseman.
SPECTOR’S NOTE: Every NHL team will be affected by a flat cap for 2020-21. Teams like the Leafs with limited cap space will feel the pinch more than others. They have over $76 million invested in 16 players next season
Clifford and Spezza probably won’t get much more than offers that are close to the league minimum from other clubs, so they could be open to staying in Toronto. Bringing in one or two veteran blueliners will cost more than the Leafs can afford right now.
If they’re unwilling to move one of their top-four forwards for a blueliner, a deal involving Kapanen, Kerfoot or Johnsson seems the only viable option. Unless they can free up the additional salary, such a move could end up being dollar-for-dollar.
LATEST SHARKS SPECULATION
THE MERCURY NEWS: In a recent mailbag segment, Curtis Pashelka was asked if the San Jose Sharks might move a big contract in the off-season. While general manager Doug Wilson insists he likes the core of his team, he hinted after the trade deadline that there could be a deal made in the off-season. The effect of the current health crisis upon league revenue will also affect the salary cap, which could hamper any potential deals by the Sharks unless it’s a “money-in, money-out” move.
Regarding their next head coach, Pashelka thinks they could take a long look at former Nashville Predators bench boss Peter Laviolette if they decide not to keep interim coach Bob Boughner in that role. He also thinks they could consider adding more grit to their lineup.
Asking if former Sharks Brenden Dillon or Patrick Marleau might return via free agency, early indications are Marleau will be back next season. Pashelka doesn’t see Dillon coming back after the Sharks re-signed Radim Simek to a four-year contract extension.
NBC SPORTS BAY AREA: Brian Witt reports long-time Sharks center Joe Thornton intends to return next season. “”I have years to go!” Thornton recently texted The Athletic’s Pierre LeBrun.”
SPECTOR’S NOTE: With over $66 milion committed to 13 players, the Sharks will have around $15 million to work with under an $81.5 million cap. While all their core players are under contract, upgrading their roster could prove difficult. Wilson has proven adept in the past in retooling a roster quickly through trades and free agency, but this off-season could prove challenging.
If Wilson moves a big contract, I suspect it’ll be for a return that provides immediate roster help. It won’t easy. Timo Meier is the only high-salaried Shark lacking any form of no-trade protection. Erik Karlsson and Marc-Edouard Vlasic have no-movement clauses, while Logan Couture, Brent Burns, Evander Kane and Martin Jones each have modified no-trades listing three preferred trade destinations.
Interesting that it appears Marleau could return with the Sharks next season. He’ll have to a pay cut to do so, but at this stage in his career, I don’t think that’s a concern for him. The same goes for Thornton. If they want to return to the Sharks and if Wilson wants to bring them back, it’ll be under affordable, one-year deals.