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The NHL salary cap numbers are in, what does it mean for the Caps?

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The NHL salary cap numbers are in, what does it mean for the Caps?

The NHL released the salary cap range for the 2018-19 season on Thursday. That sound you hear is the general managers frantically typing numbers into adding machines to figure out which of their players they can afford and which they are going to have to let walk.

The cap ceiling will rise from last year's $75 million all the way up to $79.5 million with the cap floor set at $58.8 million.

So what does this mean for the Capitals?

Here's a look at the team's pending free agents:

Unrestricted free agents: Jay Beagle, John Carlson, Alex Chiasson, Tyler Graovac, Jakub Jerabek, Michal Kempny, Anthony Peluso, Zach Sill, Wayne Simpson

Restricted free agents: Riley Barber, Madison Bowey, Travis Boyd, Adam Carlson, Philipp Grubauer, Tim McGauley, Liam O'Brien, Devante Smith-Pelly, Tom Wilson

We will not know exactly who will make the roster, so to project how much money the Caps will have to work with, let's assume Nathan Walker makes the team and Shane Gersich goes to the AHL. That will give the Caps a little less than $14.8 million with which to work.

Considering the team will need to use about half of that number if not more to re-sign Carlson, that's not a whole lot to work with.

Is $7 million enough to re-sign Beagle, Kempny, Bowey, Smith-Pelly and Wilson? Probably not and that does not even account for prospects who will try to compete for the NHL roster such as Barber and Boyd.

Here's what the cap ceiling tells us:

  • The team's entire offseason will depend on if the team can re-sign Carlson and for how much.
  • Carlson's cap hit last season was just under $4 million. A $4.5 million increase in the salary cap ceiling doesn't mean much when Carlson is going to get a raise of $3 million or more.
  • Grubauer will almost certainly be traded because he is an asset and because there won't be enough money for the team to commit $1.5 million or more to the backup goalie like they did last season.
  • If Carlson returns, fan favorite Beagle has almost certainly played his last game as a Cap. Everyone wants him back, but he would have to take a severe discount for the Caps to fit him and even then, he would be taking away a roster spot from a young prospect ready to make the jump to the NHL.

Free agency opens July 1.

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Key Caps questions: Will John Carlson repeat his career year after signing long-term?

Key Caps questions: Will John Carlson repeat his career year after signing long-term?

The dog days of summer are officially here, but it's never too hot to talk some hockey.

Capitals Insider Tarik El-Bashir and Capitals correspondent JJ Regan are here to help you through the offseason doldrums. They will discuss key questions facing the Caps for the upcoming season as Washington prepares to defend its title for the first time in franchise history.

Today's question: Will John Carlson repeat his career year after signing a long-term contract?

Tarik: When a player has a career year and it coincides with the final year of his contract, the reaction from some fans and media is often a sarcastic, ‘Well, of course he did.’

And I’m sure there are some folks who wonder about Carlson’s breakout season and whether there was a connection between the uptick in his production and the potential of an enormous payday.

Indeed, the 28-year-old established highs in goals (15), assists (53), points (68) and ice time (24:47). He was outstanding in the postseason, too, amassing five goals and 15 assists while playing solidly in his own end to help lead the Caps to their first championship.

The financial reward came a couple of weeks later when he signed an eight-year, $64 million contract to remain in Washington.

Which brings us to today’s question.

It’s obviously impossible to say for sure what’s going to happen, but it wouldn’t surprise me if he had another big season. Why? A few reasons:

  • As good as he was, last year wasn’t a total outlier, either. Carlson racked up 55 points (12 goals, 43 assists) in 2014-15, which was tied for fifth best among blue liners that year.
  • He was at his best last season skating with trade deadline addition Michal Kempny. Kempny, of course, also re-upped, agreeing to a four-year extension. So, in theory, Carlson should be able to pick up where he left off.
  • Carlson has credited Todd Reirden with helping him take his game to new heights. Well, Reirden is now the guy in charge of the whole operation. How could that not help?
  • A major reason Carlson puts up so many points is his role on the power play. And that unit, which really hit its stride in the postseason (29.3-percent), returns all five skaters.
  • Carlson has also been pretty durable, which is critical to being productive. In fact, last season he skated in all of the Caps’ games for the sixth time in eight full-time seasons.

So, yeah, it’s all setting up nicely for Carlson to have a strong 2018-19.

To me, the only unknown is whether he’ll have the same hunger and determination now that he’s got long-term security and that previously elusive championship ring.

Again, that’s impossible to predict. But I can tell you this: Over the course of two decades in this business, I’ve covered lots of players who inked life-changing contracts. With a few of them, I had immediate concerns.

I have no such reservations about Carlson's ability to play up to his new deal, particularly in the first several seasons of it.

JJ: There's nothing wrong with a player being motivated by a new deal, but I am always wary when players have career years on the last year of their contract.

The issue is whether or not a player can continue to play at the level they showed when a new contract is no longer a motivating factor. After signing a new deal for eight years and $64 million, Carlson won't have to think about money or contracts for a long time.

When it comes to motivation, a lot of the questions surrounding the Capitals this year will depend on how they react to winning the Cup. Of course everyone wants to repeat, but psychologically will they come into camp more motivated than ever to defend their title or will they be satisfied with finally winning it all?

For Carlson, there are several reasons to be hopeful. Tarik went over a number of those reasons above, but the two biggest for me are Michal Kempny and Todd Reirden.

This season, Carlson will have Kempny as his partner to start, rather than a cycle of practically every left-handed defenseman on the ice depending on the situation. Second, what Mitch Korn is to goalies, Reirden is to defensemen. With him as the head coach, I believe the ceiling for Carlson will only continue to climb.

Let's also go beyond the numbers. Matt Niskanen suffered an injury early last season that forced Carlson into a primary role on both ends of the ice. He was playing nearly 30 minutes a night and, with two rookies on the blue line who Barry Trotz did everything he could to shelter, those were very hard minutes. Yet, Carlson excelled. The offensive upside was always there, but the way he played defensively was a revelation.

While Dmitry Orlov and Niskanen will remain a solid pair for the Caps, I believe Carlson will be the guy heading into the season which will mean more minutes and more responsibility.

Plus, despite what he meant to the team's defense and despite leading all defensemen in points with 68, Carlson was not selected to participate in the All-Star Game, he was not one of the three finalists for the Norris Trophy and he was not among the four defensemen named to the end of season All-Star team. His incredible season earned him no recognition at all other than his new contract. A $64 million contract is a heck of a consolation prize, but his season deserved more recognition than that.

You don't often see a player of his caliber enter a season with a chip on his shoulder, but Carlson should have a fairly sizable one.

Other key questions

How will the Caps look different under Todd Reirden?
Will the Caps suffer a Stanley Cup hangover?
Can Alex Ovechkin still challenge for another Rocket Richard Trophy?
Has Evgeny Kuznetsov made the jump from really good player to superstar?

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Capitals re-sign Madison Bowey leaving Tom Wilson the lone remaining RFA

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Capitals re-sign Madison Bowey leaving Tom Wilson the lone remaining RFA

Defenseman Madison Bowey re-signed with the Capitals on Thursday, inking a two-year extension that will carry an average of $1 million.

Bowey carried a cap charge of $703,333 last season.

The 23-year-old appeared in 51 games for the Caps in 2017-18, amassing 12 assists, 24 penalty minutes and a plus/minus rating of minus-3.

Bowey also suited up in nine contests for AHL Hershey, though he finished the season as one of the Black Aces during Washington's run to the Stanley Cup.

With Bowey back in the fold, the Caps now have six of seven defenseman from last season’s roster under contract. (Veteran Brooks Orpik remains an unrestricted free agent.)

Bowey had an uneven first year in the NHL—he didn’t play following the late-February addition of Michal Kempny—but the Caps expect that the 6-2, 198-pound right-shot blue liner will become reliable full-time player with more seasoning.

Bowey’s deal leaves Tom Wilson as the Caps' only remaining unsigned restricted free agent. The sides are in discussions on a multi-year extension.

Including Bowey’s extension, the Caps have roughly $7.3 million in salary cap space remaining, according to CapFriendly.

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