Pietrangelo and beyond: Faulk’s impact on Blues’ salary cap future
It wasn’t all that surprising that the Carolina Hurricanes traded Justin Faulk, but it absolutely was a little stunning that the St. Louis Blues ended up being the winner of that sweepstakes on Tuesday.
In fact, Faulk seemed surprised, too, so it’s not that off base.
Maybe we should have seen this coming, as the Blues were very quiet this summer, and made a big impact last year by landing Ryan O’Reilly. Either way, acquiring Faulk amplified a question people already had: what about Alex Pietrangelo?
When Faulk’s contract extension kicks during the 2020-21 season, it will carry a $6.5 million AAV. It’s a strangely fitting mark, as Pietrangelo carries a $6.5M cap hit for 2019-20, the final year of his current deal.
One cannot help but wonder if the Blues view Faulk as a replacement for Pietrangelo, right down to both being right-handed defensemen who can run a power play.
This is all fair to ask, as Pietrangelo is almost certain to make a significant raise from $6.5M per year. Without a Norris Trophy to his name, Pietrangelo might not command Drew Doughty money of $11M, but who knows? Demand figures to be high for Pietrangelo either way, even though he’ll turn 30 on Jan. 18.
Pietrangelo’s future is the biggest question that springs from the trade-plus-extension for Faulk, but it’s not the only interesting conundrum for the Blues. Let’s consider some of the questions ahead, including how Pietrangelo might fit in.
Again, Pietrangelo is the headliner, but he’s not the only relevant expiring contract.
- Pietrangelo, 29, currently carries $6.5M.
- Brayden Schenn, 28, is at $5.125M.
- Jay Bouwmeester, 35, costs $3.25M.
- Robby Fabbri is the most intriguing potential RFA, currently carrying a $900K hit.
Cap Friendly estimates the Blues’ spending at about $65.6M with 16 roster spots covered for 2020-21. If the salary cap ceiling stays at $81.5M, the Blues would have about $16M to work with.
Rob Thomas and Jordan Kyrou could easily fill roster spots on their entry-level deals, which expire after 2020-21.
The Blues could actually do some juggling to keep Pietrangelo, especially if the ceiling goes up. They’d need to make a painful choice or two, possibly letting Schenn walk, but it’s not outside the realm of reason, especially if Pietrangelo takes a little less than his highest market value.
There are also some two-year deals the Blues could try to get out of ...
- Both of their goalies only have two years left on their current contracts, with Jordan Binnington, 26, costing $4.4M and Jake Allen, 29, at $4.35M. It was a little surprising that the Blues didn’t trade Allen during this offseason, but if they can unload him sometime between now and next offseason, that could open up crucial space for Pietrangelo and/or Schenn. This current arrangement does provide some buffer if Binnington falters after his breakthrough, but the Blues likely don’t want to spend this much on a backup if that’s Allen’s fate.
- Alexander Steen, 35, carries a heavy $5.75M. His salary is $5.5M in 2019-20, and then drops to $3.5M; maybe that would make Steen palatable for a cap-bribery trade to a team like the Ottawa Senators?
- Tyler Bozak, 33, is expendable at $5M per year.
- Jaden Schwartz, 27, could get a raise from $5.35M.
As you can see, there are some situations where the Blues might be able to free up some breathing room, particularly if they can convince someone to absorb Steen’s cap hit (or even a portion of it) for 2020-21.
Between Bozak, David Perron ($4M per year through 2021-22), and other mid-level players, St. Louis could conceivably cut out some inessentials.
This also serves as a reminder that teams should remain careful about giving depth players bigger commitments. If Oskar Sundqvist ($2.75M through 2022-23) indirectly costs the Blues a better player, that could sting.
It won’t be easy for the Blues to keep Pietrangelo, as Faulk could create an imbalance with Colton Parayko also being a prominent right-handed defenseman. While Faulk could give the Blues a relevant short-term boost, the long-term implications are messy.
That said, as you can see from the exercise above, there are ways that Blues GM Doug Armstrong can wiggle out of the toughest losses. That would mean waving goodbye to a surplus player or two, maybe even someone very useful like Schenn, but it’s possible.
Beyond seeing the Blues try to repeat, it will also be fascinating to see if they can keep the band together -- or at least the virtuoso performers. Check out the Blues’ Cap Friendly page if you want to dig even deeper.