Notable NHL Trades and Free Agent Signings – July 7, 2022
Notable NHL Trades and Free Agent Signings – July 7, 2022
Check out my take on the notable trades and free-agent signings leading up to and including the first round of the 2022 NHL Draft. This list will be updated as new trades and signings occur.
Edmonton Oilers trade winger Zack Kassian, the 29th overall pick in this year’s draft, a second-round pick in 2025 and a third-round pick in 2024 to the Arizona Coyotes for the 32nd overall pick in this year’s draft.
SPECTOR’S NOTE: The Oilers need to shed salary to acquire a starting goaltender and have enough space to re-sign or replace winger Evander Kane. It cost them two draft picks and dropped them down three places in the remainder of the first round but it sheds Kassian’s $3.2 million annual salary-cap hit through 2023-24.
The Toronto Maple Leafs traded goaltender Petr Mrazek and their first-round pick (25th overall) in this year’s draft to the Chicago Blackhawks in exchange for the 38th overall pick.
SPECTOR’S NOTE: Such is the price necessary for the Leafs to ship out Mrazek and free up his $3.8 million annual average value through 2023-24. They’ll put those savings toward finding a suitable replacement for starting goalie Jack Campbell if they fail to re-sign him before the free-agent market opens next week.
As for the Blackhawks, GM Kyle Davidson is once again making moves to garner more first-round picks for his rebuilding club. He started the day without a pick in this round. He finished the night with three. He also takes on a goaltender in Mrazek but will need to find another if he doesn’t re-sign Kevin Lankinen or Colin Delia.
Montreal Canadiens trade defenseman Alexander Romanov and a fourth-round pick in 2022 to the New York Islanders in exchange for the 13th overall pick in the 2022 NHL Draft.
The Canadiens flip that pick and a third-rounder in this year’s draft to the Chicago Blackhawks for center Kirby Dach.
SPECTOR’S NOTE: According to reports, the Canadiens wanted more size up front. After selecting big Slovakian winger Juraj Slafkovsky with the first-overall pick, they acquired the 6’4”, 197-pound Dach, who was chosen third overall in 2019 by the Blackhawks.
To get Dach, however, the Canadiens needed another first-round pick, which is why they sent Romanov to the Islanders. This move leaves a gap on their blueline that they’ll have to fill at some point in the offseason. It could come from within by promoting one of their promising young defenseman like Kaiden Guhle or Justin Barron or from another trade or a free-agent signing if they’re looking for experience.
The Canadiens have added more size to their forward lines but they need to address that gap left by Romanov’s absence. The 22-year-old Russian moves the puck well and doesn’t shy away from making big hits. However, he’s had difficulties adjusting to the NHL game. The Isles gave up quite a bit to get him but it could be worth it if he plays up to his potential with his new club.
Dach showed flashes of promise during his three seasons in Chicago but was plagued by injuries and inconsistency. Still, he had time on his side to find his game. Perhaps a change of scenery will benefit him.
For the Blackhawks, it’s their second significant trade today, having shipped Alex DeBrincat to the Ottawa Senators this afternoon. These moves gave the rebuilding club two picks within the top 15 in this year’s draft, which they used to select defenseman Kevin Korchinski (sixth overall) and center Frank Nazar (13th overall). However, it came at the cost of shipping out their best goal scorer in DeBrincat and a promising center in Dach from their lineup.
Bold moves by the Canadiens and Blackhawks today. Time will tell if they pan out.
Minnesota Wild signed goaltender Marc-Andre Fleury to a two-year contract with an annual average value of $3.5 million.
SPECTOR’S NOTE: It’s quite a pay cut for the 37-year-old Fleury from the $7 million annual average value of his previous contract. At this stage of his career, however, that should be expected. Earlier reports had the Wild trying to sign him to a one-year deal so he managed to squeeze an extra year out of the. With Cam Talbot under contract for $3.6 million next season, the Wild return with their tandem from the 2022 postseason.
The Chicago Blackhawks trade winger Alex DeBrincat to the Ottawa Senators in exchange for the seventh and 39th overall picks in the 2022 NHL draft plus the Senators’ third-round pick in 2024.
SPECTOR’S NOTE: The Senators wanted a top-six winger to skate alongside Tim Stuetzle on the second line. DeBrincat should provide a big boost to their offense, coming off his second 41-goal season within the past five years.
The question now is whether the Senators can sign the 24-year-old DeBrincat to a contract extension. He’s a restricted free agent with arbitration rights next summer with a $6.4 million cap hit but will earn $9 million in actual salary. That’s also how much it’ll cost the Senators to qualify his rights because he signed his current contract in 2019 before the changes to the rate for qualifying offers. He’ll also be a year away from UFA eligibility next summer.
The Blackhawks wanted to get a top-10 pick after former general manager Stan Bowman traded away their pick last summer to Columbus in the Seth Jones trades. Some observers expected they’d get a bigger return than a first and a second in this year’s draft and a third in two years’ time. Nevertheless, if current GM Kyle Davidson can secure at least one future star out of those picks it could prove worthwhile for the rebuilding Hawks over the long term.
Pittsburgh Penguins sign Kris Letang to a six-year, $36.6-million contract extension. The 35-year-old defenseman was slated to become an unrestricted free agent on July 1.
SPECTOR’S NOTE: On the one hand, this isn’t the five-year deal between $8 million and $9 million annually that some sources had speculated. On the other, the Pens are paying an average of $6.1 million per season for a blueliner approaching his late-30s.
It’s a gamble by general manager Ron Hextall. Letang is coming off a career-best 68-point performance and should have around three more good seasons left. It’s those final three years that could make this contract burdensome down the road.
Hextall’s focus will shift toward Evgeni Malkin, who’s slated to become an unrestricted free agent on July 13. Recent speculation had the two sides discussing a three-year contract but they’re apparently far apart on the dollars.
New York Rangers trade goaltender Alexandar Georgiev to the Colorado Avalanche in exchange for a third and a fifth-round pick in the 2022 NHL Draft plus a third-rounder in 2023.
SPECTOR’S NOTE: This means Darcy Kuemper will be departing the Avalanche as a free agent on July 13. Georgiev struggled at times during his tenure with the Rangers. However, he did play well filling in for starter Igor Shesterkin this season when he missed 11 games with a lower-body injury and a bout with COVID-19. Maybe he’ll have better luck in Colorado establishing himself as a starter than he did in New York.