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If you were counting on a typical slow mid-July stretch news-wise last week and checked out early, you missed an eventful second half of the week in terms of Hurricanes hockey news and rumors.
Last Wednesday, Jaccob Slavin was extended for seven years at $5.3 million per year on Wednesday. I provided my initial thoughts on Slavin and that transaction HERE.
Then on Thursday, a rumor broke on Thursday that the Hurricanes were close to being sold for something in the neighborhood of $500 million. On Saturday, I posted round two of my thoughts on that potential deal including links to my first article and also the primary sources for the initial rumors HERE.
For anyone who wants to dig into either topic in more detail, yesterday’s Sunday Canes Chronicle featured links to a whopping 13 articles on these two subjects.
Buried beneath the big news stories last week were a few new developments and also a couple other notes that have piled up over the past week or so, so today’s Daily Cup of Joe is a Canes catch up of sorts on a grab bag of topics.
Marian Hossa
There are recent rumors that the Carolina Hurricanes have been in discussions to trade for Marian Hossa. The move is another of the salary cap world oddities. To catch anyone up who is not familiar with the situation, Hossa has four years remaining on his current contract. The salary cap hit on that deal is a whopping $5.3 million per season. But significantly, the actual salary is only $1 million per year. Also important to note is that Hossa is headed to injured reserve with what is being described as a reaction/side effect to a medication he has been using to treat a skin disorder. He is not expected to play in 2017-18, and it seems like that his hockey career may be over.
So what does that mean for the Blackhawks, and how does that bring the Hurricanes into play?
For the Blackhawks, if Hossa is in fact destined for four years on long-term injured reserve, they would get cap relief from the LTIR rules. While one might figure that it is as simple as taking the $5.3 million back reusing how and when the team chooses, this is not the case. LTIR salary cap rules are complex. Tracey Myers from CSN Chicago touched on the complexities in this article. Without wading deeper into the murky world of salary cap math, the upshot is that the Blackhawks would be much better served by unloading the salary cap hit altogether. A buyout is not an option since Hossa is injured. And retirement would hit the Blackhawks with a prohibitive salary cap recapture penalty that makes that option infeasible. But trading Hossa would clear him from the Blackhawks’ books.
For the Hurricanes, if the team acquired Hossa in a trade, it would incur the $5.3 million salary cap hit for four years. Especially in the early years, the salary cap hit is completely irrelevant. The Hurricanes will not need it to reach the cap floor, and with their current salary cap structure, the extra cap hit will not limit the team’s ability to add players. What does matter is the fact that the Hurricanes would need to pay $1 million in real salary per year for four years.
So the possible match trade-wise is figuring out how much the Blackhawks would be willing pay in draft picks, prospects or players to unload Hossa’s salary cap hit for the next four years and then putting a dollar value to that collection of assets from the Hurricanes’ side. If the answer comes back that what the Blackhawks will offer is valued at more than $4 million by the Hurricanes’ brain trust (and they are willing to spend $4 million to acquire those assets instead of maybe spending them on roster budget instead), then there is a deal to be had.
One other wild card would be if the NHL declared that Hossa could not go on LTIR. If that happens and even the LTIR version of salary cap relief evaporates for the Blackhawks, their urgency and price they would pay to deal Hossa would increase significantly, but based on what has been reported so far, that seems unlikely.
So I picture Eric Tulsky figuring out some methodology to put a dollar value to different draft picks and prospects that might be available from the Blackhawks if he does not have something like this already sitting on his math shelf.
Martin Necas
Lost to some degree in the busy news week was the fact that 2017 first-round pick Martin Necas signed his entry-level deal. The move is significant in a couple ways. First, by being under contract with the Hurricanes for the 2017-18 season, Necas is now eligible to play for the Hurricanes this season and a European player also eligible to play for the Checkers. On the AHL option, as of his visit for prospect camp shortly after the draft, it was not clear where Necas would play for the 2017-18 season. As a European, his options run the gamut from staying home in the Czech Republic, making the jump to Canadian juniors or playing in the AHL (all of these of course assuming he does not blow the doors off in training camp and make the NHL team). The key advantage for the Canadian junior or European route is that by not playing professionally in North America, the first year of his entry-level deal would slide forward to 2018-19. Unless the team believes that the AHL has a significant advantage in terms of furthering Necas’ development, my best guess is that the team steers him toward a 2017-18 option that does not burn the first on his entry-level contract.
After seeing him at prospect camp, I am very high on Martin Necas. Best bet is that he is a few years away from being NHL-ready, but for a player with his level of talent, I always keep a close eye out during scrimmage and game-like action to see if just maybe he looks to be ready ahead of schedule. In today’s hockey world, young elite players develop quickly and many of the best players rise up ahead of any kind of step-wise development schedule. For me, the most significant early read is a player’s ability to think the game at NHL speed. Albeit against younger and lesser competition, Necas scored well in that regard in July.
Check out also my notes from the prospect camp scrimmage which includes Martin Necas.
Check out also my external ‘reading list’ for Necas from shortly after he was drafted.
AHL Goalie coach Paul Schonfelder
Also buried underneath the headline news was the announcement that the team had hired Paul Schonfelder as its new minor league goalie consultant. Schonfelder’s background and qualifications are detailed in the team’s news release.
Schonfelder replaces Curtis Joseph though possibly in a slightly different role. Joseph was more generally a “goaltending consultant” and tasked with working with the minor league netminders but also the Hurricanes’ junior and college prospects. As I understood Joseph’s role, he was not based in Charlotte but rather worked part-time doing different stints with different goalies in different places. I hope to find clarification on in Schonfelder will be a full-timer, or close to it, in Charlotte.
At a basic level, I think this makes sense given Francis’ direction in terms of goaltending. His clear plan since taking over has been to regularly select goalies and build out a pull of goalie prospects mostly with mid/late round draft picks in hopes that placing multiple bets ultimately yields a winner. With both Alex Nedeljkovic and Callum Booth who are at the top of the list both slotted to spend time in Charlotte in 2017-18, making the modest investment to have someone work with them on a full-time basis makes a ton of sense.
What say you Canes fans?
What would you want in return for the $1 million annually for four years that it would take to absorb what is left of Marian Hossa’s contract?
Does anyone see Martin Necas as a dark horse worth watching in training camp? Or will he follow the more expected path of spending a year or more developing elsewhere before an NHL debut?
Go Canes!
I just do not see how taking on Marian Hossa’s contract makes much sense. Yah, its only 1M “real salary” and maybe Chicago would cover most of that to get the cap off their books. The thing is, this is for 4 years. No problem now but what about 3 and 4 years out when all our RFAs will need contracts. This would crate a salary cap issue for us. What would we get in return for doing this? Would Chicago give up a good roster player, they are pretty thin, probably not. Do we need a bunch of prospects when we are already sitting at 48 contracts. I do not see how they have anything meaningful to offer us to do this.
Martin Necas was very noticeable in prospect camp. RF likes to wait for AHLers to be more then ready before moving up and Necas has not even been at the AHL level yet. Dark horse, yes, but he was playing against other AHLers. It could happen but low probability. I have no read on how he would do against NHL players. He probably needs to fill out yet(strength).
I’d also say pass on Hossa, but I am legitimately curious what assets Chicago has left that they haven’t already traded to us? I mean, what’s left, DeBrincat? I’d stash Hossa’s cap hit to bring him in, though at that point I’d have to ask when GMRF got Stan Bowman on payroll.
I have to agree with icecobra. It could happen, but very unlikely. After watching him in camp and I think Necas has the skill to play in the NHL close to immediately. As everyone knows the problem is the strength, so get the kid a bowl (or three) of Wheaties, and when he is deemed ready by the staff, I’ll have confidence that he’ll be a heckuva hockey player.
Unfortunately with the Blackhawks so barren with prospects, I would not trade for Marian Hossa. The only two conditions I may see a trade for him – IF Francis needs to trade a first round pick next year to acquire a top line centre, but also wants to have a pick in the first round, then acquiring a first would help facilitate a future trade.
The only other way we take Hossa is if we get Debrincat. But I doubt Chicago would give up their prized prospect for cap relief.
I understand that Necas was very impressive in prospect camp. I would not be surprised to see him in the AHL (vs. a return to Europe next season or juniors), with an opportunity to play his way up as the season progresses.
That said, I remember RF termed the discussion on his future as to whether it would be juniors or Europe, and that he thought either would be fine and was not going to offer an opinion either way.
On Necas, I was very impressed with his prospect camp week. That said, odds are strongly in favor if him being a year or more away from the NHL. I think Francis will steer him toward Europe and/or Canadian juniors. Neither of those would burn the first year of his entry-level deal whereas playing in the AHL would. Francis will very likely choose to push the first year of his contract out a year.
That said, the Hurricanes have a storied history of players coming from completely off the radar to make the NHL roster. Vasicek, LaRose, Rask and to some degree Staal even were players not really even in consideration when training camp started but who either stuck at the NHL level or returned really quickly in the case of LaRose.
Agree with others that Hossa doesn’t make sense unless DeBrincat is involved. Even then not sure it makes sense given all the players who need to be signed in next 2 years.
Based on what C&C has provided regarding coverage of the prospects, I don’t think Necas will be on the roster unless he shows Aho plus ability. There are others who are further along as far as age and experience (Saarela, Zykov, Wallmark). Plus with the signing of Kruger there is not a need for a center this year. And with Williams, even the need for scoring is muted going into the season. I think one or two prospects make the roster sometime in early 18, earlier if injuries arise. My guesses are Saarela, Zykov, and Foegele. Necas, Gauthier, and Kuokkanen are most likely the future for the Canes, but I think they will be developed for at least one more year each.
The Canes are winners now. A trade for Hossa would have to include a roster forward like Hartman. He has a TT feel, young promising forward that could be coupled with a bad contract. He put up 19 goals averaging 11 minutes of ice time last season. Hossa and Hartman for McGinn and Carrick or McKeown. With 48 contracts we need to go one for one on contracts. Hartman would be a great LW to add and give us the other 20 goal scorer we’re looking for.
The last top 9 spot will be a battle of Zykov, Roy, Saalera, Koukkanen, and Necas. With Aho’s ridiculous transition this year Francis will have no issue giving Necas a shot.
I, too, wouldn’t mind Hartman, except he plays RW not LW and if we’re taking on Hossa’s contract we’re not trading McGinn and Carrick. Those types of deals are like PDG, plus a 6th rounder for Hossa, Hartman, and a 3rd rounder. This is a ransom situation, pure and simple, but quite frankly by the time 2019-20 and 2020-21 come around we’re going to be significantly closer to a cap team than a budget team. Skinner, Aho, Lindholm, Pesce, Hanifin and Teravainen are all on new contracts then. We can’t absorb another $5 million cap hit.