Cap crunch: Rangers, Penguins, Flames among teams that need moves
Even though most of the NHL’s biggest roster transactions have already happened this summer, there are still some significant moves that will be coming over the next few weeks. Many of them will be out of necessity as it relates to getting under the salary cap for the 2019-20 season.
As of Saturday, there are four teams (New York Rangers, Washington Capitals, Toronto Maple Leafs, Pittsburgh Penguins) that are still over the $81.5 million salary cap (teams can exceed the salary cap by 10 percent in the offseason) and a handful of teams that are close to the salary cap while still needing to re-sign some players.
Let’s take a look at some of the teams that will needing to make another move (or two) over the next few weeks to position themselves under the salary cap.
New York Rangers: After signing Pavel Buchnevich to a two-year contract on Saturday, the Rangers currently sit more than $4 million above the cap with a full roster of 23 players under contract. The offseason additions of Artemi Panarin and Jacob Trouba drastically altered the cap situation and have them in a position where a significant move is going to be necessary. Possible trade options: Chris Kreider should be at the top of the trade list given what he could bring back and his UFA status next summer, but they could also explore options with Ryan Strome and Vladislav Namestnikov.
Pittsburgh Penguins: Trading Phil Kessel was supposed to help the Penguins ease their salary cap crunch, but acquiring Alex Galchenyuk in that deal and signing Brandon Tanev to a long-term deal negated any savings that might have existed. They still have to re-sign defenseman Marcus Pettersson (they want to give him a long-term deal) and will need to move another contract to do so and remain under the cap. Possible trade options: Bryan Rust, Nick Bjugstad, Jack Johnson, and Erik Gudbranson are all depth players signed to long-term deals (never a good idea for Stanley Cup contenders). Rust and Bjugstad still have the most value and use to the team, while Johnson and Gudbranson are definitely expendable.
Calgary Flames: After re-signing David Rittich on Saturday to settle their goaltending duo for this season the Flames have between $4 and $5 million of salary cap space remaining for this season. They still have to re-sign Matthew Tkachuk and Andrew Magiapane. Without another move they do not have enough salary cap space to re-sign Tkachuk alone as he is in line for a massive raise on his next deal. He is already one of the best young players in the league and will easily be a $6 million-plus player starting this season. Possible trade options: Michael Frolik is the obvious choice here, and his name has been in trade rumors for a while now. He counts more than $4 million against the salary cap this season, and while he is still a useful player he is probably not the most efficient use of the Flames’ limited salary cap space at the moment.
[ProHockeyTalk’s 2019 NHL free agency tracker]
Vegas Golden Knights: Dumping Clarkson’s contract off on the Maple Leafs finally put the Golden Knights back under the cap, but they still have the Nikita Gusev situation looming. Based on his KHL production and skillset Gusev could be a top-six winger in the NHL and a welcome addition to any NHL team ... including the Golden Knights. The problem is they do not have anywhere near the salary cap space to meet his demands. Their options are either trading Gusev and risk giving up an outstanding player, or moving someone like a Cody Eakin and/or Ryan Reaves to create enough salary cap space to keep him for themselves.
Toronto Maple Leafs: They are now about $3 million over the salary cap after acquiring David Clarkson’s contract and still have to re-sign restricted free agent Mitch Marner. It looks bad, but they are going to get relief by placing Clarkson and Nathan Horton on the long-term injured list. They should be okay without having to make another significant move, but it will be close and Marner may not be under contract on the first day of the regular season.
Washington Capitals: They will have some major decisions to make over the next couple of seasons with core players. In a more short-term outlook they are, as of Saturday, a little more than $1 million over the league’s salary cap after re-signing Chandler Stephenson on Friday. The Capitals already traded Andre Burakovsky this summer and will probably need another cap-clearing move before October. It’s hard to imagine them shipping out a top-line player right now, so look for smaller moves that could involve the likes of Travis Boyd or Christian Djoos.