USD
The book has (finally) closed on the Ilya Kovalchuk saga, as the Russian winger elected to remain with the New Jersey Devils. Â This ends weeks of mind-numbing speculation and rumour-rehashing, including a recent explosion of news in the hockey world that had all signs pointing towards Los Angeles. Â Thus, while there will be some surprise that Kovalchuk did not head down south, the overwhelming feeling amongst hockey fans today will be relief. Â A side-effect of Kovalchuk's prolonged decision-making has been the absolute cessation of any other hockey activity. Â The dam should finally burst as the remaining free agents and possible trades will now be explored further by the league's general managers.
In case you haven't already heard, the Maple Leafs have broken off negotiations with prospect Bill Sweatt, acquired in the Versteeg trade from the Blackhawks. In a statement to the Toronto Sun, Burke explained that the club would rather keep a spot on the 50 contract limit open than continue discussions with Sweatt. As the talks continued to stall, the Leafs likely turned and upped their offer to Marcel Mueller, whose ELC contract value sits at $1.12 million. Sweatt is likely looking for a figure close to Blake Wheeler's $2.825 cap hit as a 4-year college free agent, which is a steep price to pay for a player with speed but limited offensive upside. [more…]
When Brian Burke added Mike Komisarek and Francois Beauchemin to an established Leafs cast of Luke Schenn, Tomas Kaberle, Ian White and Jeff Finger it looked to all that the Toronto GM had built himself an enviable problem. A premium blueline, arguably one of the finest in the Eastern Conference, that also came with a premium price tag.
Of course, what began an enviable problem on paper quickly devolved into an actual problem when the new additions failed to mesh into a cohesive unit with defensive and special team frailties more apparent than those of an comparatively budget offense.
According to the Toronto Maple Leafs official Twitter feed, the club announced today the signing of free agent defenseman Brett Lebda to a two-year deal worth $1.45 million per season.
Lebda spent the last five seasons with the Detroit Red Wings after the organization signed him as a free agent in 2004, picking up a Stanley Cup ring in during his stay in '08.
Lebda's career high in points is 18. Â He had 16 two years ago, but saw his total fall to just 8 points last year, though he did only play 63 games due to a back injury.
Lebda has great pace and puck-rushing ability, though his point-total doesn't necessarily reflect that. The Buffalo Native is thick for his height at 195 pounds, but is a bit undersized at 5'9. He does play a game bigger than his frame would suggest. $1.45 million seems a tad pricey, but hopes will be that Lebda will be able to improve production on a Leafs blueline that doesn't have the type of elite offensive weapons from the blueline like Detroit had in Brian Rafalski and Nik Lidstrom (this providing Kaberle is dealt, and no doubt this seems like a poor-man's replacement). [more…]
- The Toronto Star has a nice piece up about Kadri's offseason workouts and training regimen. The youngster has bulked up to an impressive 185 [more…]
Even with news breaking this afternoon of Ilya Kovalchuk's new $60 million contract extension (potentially) with the New Jersey Devils, this 2010 free agency period has been one of the most uneventful and slow-developing offseasons in recent memory. The reason being? Despite a mediocre at best free agent group, there simply isn't enough money to pay these guys what they're probably worth. As one unnamed NHL General Manager put it last week: "The teams with cap don't have cash and the teams with cash don't have cap". The Maple Leafs however, are fortunate enough to have both, and have the opportunity to exploit the market to their advantage. [more…]
As much of the league takes a post-draft/free agent frenzy breather for the Canada Day and July 4th long weekend, I figure I'll spark some discussion with a bit of educated speculation. In talking to a source over the past week it's been suggested to me that Brian Burke has a  deal or two on the table for scoring help involving a Leaf asset he's struggling with the idea of parting with. It's said at this time Burke is hoping desperation on the part of the involved GMs reduces the price on a few top six trade options as the off-season continues. [more…]
Okay, so my math may be a little off. Â It's Canada Day weekend, there shouldn't be any arithmetic. Â Unless, of course, you are an NHL general manager, than you better hope you have your math hat on. Â A quick note to say I hope our fellow Canadian readers, as well as our loyal readers situated the south had an enjoyable holiday weekend.
Now, let's divulge into what has so far been a somewhat reserved free agency period, One timer style.
--The big news coming out of free agency this hour is this report out of the L.A. Times that indicate the Los Angeles Kings are quite far apart on signing Ilya Kovalchuk. While they may not be out of the running entirely, Helene Elliott suggests the prospects are quite dim. Â So where does Kovalchuk go? Â The Islanders reportedly seem to be the only team willing to offer him the term he is looking for (rumoured to be 10 million for at least 10 years) but are there other suitors? Â What about New Jersey? Â Toronto? Â One would think that although Burke would love to pull off the major move of free agency, the reasons Kings GM Dean Lombardi is balking about bringing in Kovy (term) is likely the same reasons Burkie has reservations. [more…]
ESPN's Pierre LeBrun floated out over twitter last night the possibility of Leaf interest in winger Maxim Afinogenov. One's initial reaction might be to dismiss the Russian enigma as the anti-Burke. Looking at the list of remaining UFAs, there are also a few scoring wingers that could be considered safer, comparable alternatives (i.e. Alexander Frolov). But in the salary capped hockey world we live in, where a player's on-ice ability is ever tempered by his dollar value against the cap, Afinogenov's services could actually comprise a niche market of sorts for clubs looking for a Plan B scoring option with fewer strings attached. [more…]
Bad news. According to the fine folks over at CapGeek, the Chicago Blackhawks aren't the only team facing cap penalties next season. Here are the basics: a team is allowed to surpass the official salary cap by a "bonus cushion" maxmium of 7.5% for performance bonuses, such as those written into virtually every rookie contract. However, this number is then deducted from your maximum salary cap allowance for the following season.
For example, since winning the Cup, the Blackhawks received plenty of media attention when it was pointed out that Toews' bonus for the Conn Smythe, among others, would push them well over the cap limit. As a result, the Blackhawks will face a $4.157 million penalty for this upcoming season. The Maple Leafs meanwhile will also have $1.4 million deducted from their limit this coming season, thus setting an internal budget at $58 million rather than the league wide $59.4 million. [more…]
John Mitchell joins Nik Kulemin as the second Leaf to re-sign with the club today. Â After initially not being qualified by Toronto, Mitchell hit unrestricted free agency with an understanding that Brian Burke intended to offer him a new contract. Â The purpose of waiting was financially-driven as it allowed Toronto to save at the very least 250,000 on Mitchell because he was not qualified. [more…]
Considering we were hearing word of $3 million + demands from Nik Kulemin's camp, this is pleasantly surprising. It gives Kulemin a deserved $800k raise [more…]
