It’s been an incredibly interesting first week of free agency for the Toronto Maple Leafs and around the NHL. Here’s four thoughts to get you through your Friday.
Kovalchuk’s retirement a blessing for the Devils
Ilya Kovalchuk shocked the world Thursday when the Russian superstar announced his retirement at the tender age of 30. In doing so, Kovalchuk will be leaving $77-million on the table over the next 12 seasons. But he also might save the New Jersey Devils.
A couple years back, I made my opinion on Kovalchuk’s contract fairly clear. It was cap circumvention then, and it still looks of it now. With only three years burnt off his contract, the Devils will carry a surprisingly fortuitous cap benefit recapture penalty of only $250,000 until the year 2025. But as the venerable James Mirtle pointed out, Kovalchuk’s early exit from the NHL will benefit the Devils extraordinarily over the course of the next decade.
If Kovalchuk had retired next year, the cap penalty would have been nearly $700,000 a year for the following 11 years.
— James Mirtle (@mirtle) July 11, 2013
Could actually have been a disaster if Kovalchuk retired in 2018 at 35: Would have meant a $3.7-million cap penalty for seven years!
— James Mirtle (@mirtle) July 11, 2013
Given the incredibly unstable financial situation in New Jersey, Kovalchuk’s departure truly couldn’t have come at a better time from management’s perspective. I don’t want to say that Devils’ GM Lou Lamoriello pushed Kovalchuk out the door, but he’s probably going to be paying the movers. Lamoriello is nothing if not shrewd, and had to see the potential calamity facing the team had Kovalchuk stayed a few more seasons. It’s incredibly interesting that the bulk of Kovalchuk’s salary – $56-million – was to be paid out over the next five seasons.
The off-ice viability of the New Jersey Devils will be stronger in the future without Kovalchuk. When you’re hemorrhaging money, it’s good to cut $11-million in payroll for fiscal ‘14. The on-ice product will be more viable for the next 12 years they’ll barely notice the effect of the cap benefit recapture penalty.
Certainly, the Devils are a weaker team today without their best player. They’ll also forfeit their first round pick next season as a part of the cap circumvention from signing Kovalchuk just three seasons ago. So they’ll serve as a cautionary tale about long-term deals, and they’ll probably miss out on a top-10 pick. But it could have been a lot worse, all things considered.
Colborne contract makes a ton of sense
In perhaps his most (only?) prudent move so far this offseason, Leafs GM Dave Nonis re-signed Joe Colborne to a modest one-year contract worth $600,000 on Wednesday. With about $10-million and change left in cap space and more than a couple roster spots to fill – and hefty raises pending for Nazem Kadri, Cody Franson and Carl Gunnarsson – the Leafs needed to get some bodies on the cheap.
Colborne, a first round pick in 2008, has had a decidedly checkered professional hockey career. Once a top prospect and the jewel of the Kaberle trade, Colborne has never truly lived up to his promise since coming to Toronto. Just two seasons ago, he was considered a potential second line centre and a blue chip future. Today, he’s a guy who’s tallied 97 points in 150 career games for the Toronto Marlies. While he’s hardly a has-been at only 23, it’s looking more and more likely that Colborne won’t be the big, skilled centre the team has been looking for.
Amusingly, due to the contract type, this deal is actually nearly a 1000% raise his previous AHL salary. But for the Leafs, this is a ‘show me’ deal. Due to the restraints of the falling cap, you can bet Colborne will be stick with the team through camp to fight it out with the pugilists for time on the fourth line. And it could be his last stand in Toronto.
Under the Gunnarsson
The other bit of Leaf news from the week was that Carl Gunnarsson has elected to go to salary arbitration with the Maple Leafs. This was an incredibly smart move by Gunnarsson’s camp, if only for the nuanced rules of the CBA. As a part of the salary arbitration process, the player can only be signed to a one or two-year contract. This is exactly what Gunnarsson’s agent wants.
Gunnarsson is a bit of weird case as a restricted free agent, because he’s a late 1986 birth. Had he been conceived just a few months earlier, he would have become a UFA on July 5. Alas, he’s still chained to the rules of RFAs, and likely doesn’t like what the Leafs are offering him.
My best guess is that the Leafs would like to sign Gunnarsson to a deal similar to that of Roman Polak’s in St. Louis. The Leafs would LOVE to keep Gunnarsson in the fold for 4-5 years at around $2.75-million a season. For what he provides to the penalty kill and defensive zone, that’s a steal of a deal for the Buds.
By going to arbitration, the Leafs would only be able to eat into one year of Gunnarsson’s UFA eligibility, and he’d finally be able to see what the market would bear for his talents in either 2014 or 2015. He’ll be 28 at the oldest, and should his offensive game grow, could command a much larger salary than Polak’s. This is simply smart business, and a part of the transactional nature of professional athletics.
Before you sling fiery comments on his twitter, just remember: don’t hate the player, hate the CBA.
Why Franson didn’t choose arbitration
A corollary to the above section on Gunnarsson, Cody Franson opted to forego salary arbitration this week. His reason? Another wrinkle in the CBA as it pertains to the arbitration process.
When a player elects for salary arbitration, the team is given the choice of whether they want to offer a 1 or 2-year deal to the player. (The inverse is true when its club elected). So in Franson’s case, he’s only 25 years old; two seasons away from UFA eligibility. The Leafs would almost certainly elect for a 1-year deal, so they could retain Franson’s rights as a restricted free agent for one more year in 2014. Franson would also be unable to sign an offer sheet prior to arbitration, losing him leverage in negotiations.
So by foregoing arbitration, Franson has as much freedom as his status allows. His side is probably much more interested in a much higher dollar amount than the Leafs want to pay. I’d guess he’s more interested in the type of deal Roman Josi and Slava Voynov signed with the Nashville Predators and Los Angeles Kings (respectively). There’s no doubting that Franson is an offensive talent, but he’s nowhere in the realm of those two. Franson may be a $4-million a year guy if he continues to finish in the top ten in scoring for defenders (as he did in 2013). But he’s certainly not a guy the Leafs should think to lock up for 6-7 years at that number.
This #1 centre garbage is the dumbest thing in the world, and I honestly will never understand it. How come you never hear a winger say 'I'm a 1st line winger only!'
Lol Bozak .... I played 1st line center for 2 coaches now and they both wanted me there . If there are a few fans who don't think I should then I will take what the coaches say over them any day
BOS got another one of there Key guys locked up today in bergeron. When are phil and dion getting done?
Interesting read: http://blog.mapleleafs.com/will-he-be-ready-the-morgan-rielly-story/
"Franson may be a $4-million a year guy if he continues to finish in the top ten in scoring for defenders"
How many defenders finish top 10 in scoring and get paid less than $5 mil? Not saying I'd give him $4 mil long term because of a good half-season, but if he continues this pace he'll ask for $5.5m at least.
Kessel gets 7.5 for 8 years in TO or 8 for 7 years somewhere else. He is the straw that stirs the drink
@lovemyleafers Actually Sharknado took over dumbest thing in the world yesterday bro :)
@Burtonboy I wish he played with an attitude
@Burtonboy Was a huge mistake resigning him, can say goodbye to acquiring a true number 1centre, his salary will make him untradeable (being a 3rd line centre on any other team).
@Burtonboy Bozak said that ?
@Area49th Slow Wiser clap for that.
@Area49th Lol haha good job SJS
@Black_Hawk Nonis is proving to be a last minute guy. I'm not sure how good a strategy that is going to be. We will see.
@Black_Hawk next year. before trade deadline probably you'll hear about extension after Nonis and Phils AGENTS finds out what the cap is going to be. Why bargain a deal under a smaller cap?
I liked him a lot on the PP this year. We need someone that can bring the puck up the ice into the offensive zone on the PP. If you look at every PP in the Boston series you'll see why Dion is not the guy for the job - maybe Gardiner. The other point man is Franson.
@-Keon- Of course, the increase might be more like 5 or 6 million....
@Zep2 i want it done
Wait 'til you see the sequel... "Scab-icane"
Scientists clone the ultimate man-child from the genes of Pk Subban and Max Pacioretty.
The horrifying offspring,numbering thousands,were practicing diving in the St Lawrence river,whereby a chemical reaction forms a bloated cloud of the most noxious air man has known.
On a direct path to Canada's most populous city...can this deadly shit storm be stopped?
Starring Justin Bieber and Drake as the mutants
Gary Bettman as the Mad Scientist
Kerry Fraser as the first victim
and Elisha Cuthbert as the Beaver.
@wiski Jeter, trending towards retirement
Remember Nonis said it will take 12-24 months for "this team to do something special"? I wish Burke had said that when he got here (ie Be patient not necessarily the time frame).
@-Keon- Ic now lol, just had a snoooze
@-Keon- or Kadri ,
@-Keon- Thats right and IMho ,that player is Joe
@KingTon @Burtonboy why does that annoy you? It should annoy him that ppl are questioning his ability to play the game when he's only improved every time he's stepped on the ice. Fuck the label of number 1, 1 person never won a cup, its a committee. He's a big part of ours, and should be respected as such.
I prefer watching games live than, like the one I saw in Boston, than sitting behind a keyboard reading blogs. And this is what I saw at the TD Garden, as reported by TSN
BOSTON – Joffrey Lupul had a sense of what his coach may have been up to in the pre-game warm-up, tactics that would inspire a rebound performance from the Leafs in Game 2 on Saturday evening.
“I think I did, but sometimes I never know,” said Lupul with a laugh. “You don't know until he taps you on the back.”
Randy Carlyle got creative on Saturday evening. After his team generated just 20 shots and only hints of offence in a wobbly series opening loss, Carlyle did his best to make life a tad more challenging for Bruins coach Claude Julien, efforts that paid dividends as his team evened up its best-of-seven series with a 4-2 victory, the series shifting back to Toronto for game number three on Monday night.
Carlyle's creativity and deception became apparent as soon as the puck dropped at 7:14.
The much-maligned Phil Kessel began the game alongside Lupul and Tyler Bozak, but darted off the ice after just six seconds, replaced by Matt Frattin. Kessel then tagged onto a unit with Nazem Kadri and Ryan Hamilton, James van Riemsdyk joining Mikhail Grabovski and Nik Kulemin, Leo Komarov finding his way onto a fourth line with Colton Orr and Jay McClement.
In menacing fashion the Leafs coach had, in one swoop, dumped the four line combinations displayed only minutes earlier in the pre-game warmup and thus fashioned an entirely different template, one that would throw a wrench into Julien's matchup plans. The creative strategy worked mostly to keep Kessel away from Zdeno Chara and alternately spread the Leafs attack onto three units – with Kessel, Lupul, and van Riemsdyk all on different lines. The tactics proved successful on all fronts.
I think under Carlyle's system the No. 1 and 2 stuff will be blurred anyway. He has no problem shifting guys around to suit the opposition's tactics. Like the way Chicago splits Kane and Toews until they need to turn on the power.
@-Keon- Yea, I think 67 or 68 is probably a more realistic projection, but I was just saying, some have predicted it could be as high as 70 again. And Mirtle is ultra-conservative on these sorts of things. A lot of the projections can't even accurately predict the revenues that might be generated by a better division set-up. I think in the coming years you're going to get Dallas and Colorado back to being something resembling a thriving hockey market. You're going to get the snowbirds funding the Florida teams in a more substantial way, etc...
@-Keon- Well, I've heard between 67 and 70 million is the guess, so 70 would be a 5-6 million increase.
hahaha..I remember that.
@Uncle Otis 'tis a cruel world, but fair