NHL Rumor Mill – March 22, 2024
NHL Rumor Mill – March 22, 2024
Could Jake Guentzel return to the Penguins? Which notable players could become buyout candidates this summer? Find out in today’s NHL Rumor Mill.
LATEST ON THE PENGUINS
THE ATHLETIC: In his recent mailbag segment, Josh Yohe was asked whether Jake Guentzel might return to the Pittsburgh Penguins as a free agent this summer. He initially felt that was next to impossible but he isn’t so sure now after talking with team sources. Yohe believes Guentzel could be in play if his asking price is within $8 million annually rather than $10 million.
SPECTOR’S NOTE: Never say never but Yohe admits he thinks it’s unlikely. Guentzel might be open to an offer from the Penguins if he goes to market on July 1. However, he’ll likely receive more lucrative contract proposals from other clubs. His time with the Carolina Hurricanes could convince him that it’s time to close the Pittsburgh chapter of his career and carry on elsewhere.
Yohe was also asked what the first order of business should be this offseason for Penguins general manager Kyle Dubas. He believes Dubas should attempt to move veteran wingers Reilly Smith and Rickard Rakell to clear cap space to make room for younger, hungrier players.
SPECTOR’S NOTE: Yohe noted that the salary cap is expected to rise significantly next season, making it easier to move those players. Smith and Rakell have eight-team no-trade lists for next season and $5 million cap hits. However, Smith might be the easiest to move. He has a year left on his contract and a Stanley Cup championship on his resume. Rakell, meanwhile, has four more seasons remaining on his deal.
THE HOCKEY NEWS: Jacob Punturi believes the Penguins need to find a way to shed Ryan Graves’ contract. Signed last summer to a six-year, $27 million contract, the 28-year-old defenseman has struggled in his first season in Pittsburgh. He has a 12-team no-trade list.
SPECTOR’S NOTE: Moving Graves won’t be easy despite the salary cap rising by a projected $4. 4 million. His $4.5 million cap hit isn’t the issue as the remaining five years of the deal. The Penguins could stick with Graves for next season and hope to improve his game.
BUYOUT CANDIDATES FOR THE COMING OFFSEASON
THE HOCKEY NEWS: Adam Proteau looked at five players who could be in consideration for contract buyouts during the two-week buyout window in late June.
San Jose Sharks defenseman Marc-Edouard Vlasic tops his list. The 36-year-old blueliner has two years remaining on his contract at an annual average value of $7 million.
SPECTOR’S NOTE: The Sharks could hang onto Vlasic for one more season before going the buyout route. That way, they’ll only have part of his cap hit on their books for two seasons rather than four.
Philadelphia Flyers center Ryan Johansen is next. He has one year left on his deal with an $8 million AAV.
SPECTOR’S NOTE: That will depend on Johansen’s health. He reportedly has a hip injury that has prevented the Flyers from sending him to their AHL affiliate. If Johansen is still recovering from that injury in June, the Flyers won’t be able to buy out his contract.
Justin Holl of the Detroit Red Wings, John Gibson of the Anaheim Ducks, and Jeff Skinner of the Buffalo Sabres are Proteau’s other three buyout candidates.
SPECTOR’S NOTE: Holl has two years left on his contract. However, the $1.133 cap hit per season for four years might not be difficult for the Wings to carry with the projected increases in the cap for the next two seasons.
The Ducks will likely try again to see if they can trade Gibson. If they have to retain salary over the final three seasons of his contract, it’s better than carrying $2.133 million annually for six years.
Given Skinner’s $9 million AAV for the next three seasons, he seems the least likely to be bought out. Proteau pointed out the Sabres would get a $1.44 million cap hit for next season, rising to $4.44 million for 2025-26 and $6.44 million for 2026-27 before dropping to $2.44 million annually for the final three years.