NHL Morning Coffee Headlines – July 3, 2013.

The Phoenix Coyotes will stay in Glendale, the Penguins officially re-sign two key players, Patrice Bergeron is on the mend, plus the latest contract buyouts, re-signings and more.

ARIZONA REPUBLIC: The Glendale City Council by a 4-3 decision voted to accept a new arena lease agreement with Renaissance Sports and Entertainment, the prospective buyers of the Phoenix Coyotes. The team, starting this season, will be renamed the Arizona Coyotes.

SPECTOR’S NOTE: The agreement provides the new owners with an “out clause” in five years time if the club’s losses prove unmanageable, so the Coyotes and their fans could go through this agonizing dance again. For now, however, the Coyotes won’t be relocating to Seattle or Quebec City.

Penguins re-sign Pascal Dupuis to 4-year deal.

Penguins re-sign Pascal Dupuis to 4-year deal.

POST-GAZETTE.COM: The Pittsburgh Penguins officially announced the re-signing of defenseman Kris Letang to an eight-year, $58 million contract, and agreed to terms with winger Pascal Dupuis on a four-year deal worth an average annual cap hit of $3.75 million.

SPECTOR’S NOTE: The Letang deal was essentially completed on Sunday. The delay was wrangling over a no-trade agreement, specifically Letang’s seeking a verbal agreement he wouldn’t be dealt during the final year of his current contract.

As for Dupuis, he earns a significant raise over the $1.5 million per season of his last contract, but given his performance over the past two seasons, in which he emerged as a solid two-way performer, he’s earned it.

His re-signing boosts the Penguins payroll for this season to $60.173 million invested in 19 players, leaving just over $4.1 million in cap space (Letang’s new contract doesn’t kick in until 2014-15). That explains why they traded Tyler Kennedy over the weekend as they couldn’t afford to re-sign him. That should leave just enough money to re-sign Matt Cooke and Craig Adams.

BOSTON GLOBE: Bruins center Patrice Bergeron won’t require surgery for  his many injuries (collapsed lung, cracked rib, torn rib cartilage, separated shoulder) suffered during the Stanley Cup Final. He’s also reportedly close to re-signing an eight-year contract extension with the Bruins.

DETROIT NEWS: The Red Wings will place defenseman Carlo Colaiacovo on waivers with the intention of buying out the remaining year of his contract.

SPECTOR’S NOTE: For the latest list of compliance buyouts, check out this list on NHL.com.

COLUMBUS DISPATCH: The Blue Jackets have re-signed winger Blake Comeau to a one-year, $1 million contract.

NHL.COM: The Washington Capitals re-signed defenseman Tomas Kundratek to a two-year contract extension.

NBC SPORTS PRO HOCKEY TALK: Ruslan Fedotenko has signed a three-year, $9 million contract with KHL team HC Donestk.

SPECTOR’S NOTE: That should bring Fedotenko’s NHL playing career to a close. He’ll earn far more in the KHL than he’ll earn in the NHL at this point in his career.

BUFFALO NEWS: The Sabres have announced the hiring of former Colorado Avalanche coach Joe Sacco as an assistant coach.

THE VANGUARD: Yarmouth, Nova Scotia native and Charlottetown Islanders defenseman Ryan Graves was selected 110th overall by the NY Rangers in the 2013 NHL Draft.

SPECTOR’S NOTE: Graves was born and raised in my old home town and plays his junior hockey in my current one. Belated congratulations to Ryan and best wishes for continued success in his playing career.

5 Comments

  1. I believe the “opt out” clause was dropped from the agreement.

    • No it was not. What was added though is that if the opt out is used, the Coyotes will repay the city losses over that five years above the projected 6 million a year hit Glendale has agreed to foot.

      • The opt out clause that was dropped was the one the city requested for themselves.

  2. Spector, what’s your take on the Kundratek deal. Going from a 1 way deal to a 2 way deal in the second year seems backwards. Given his age and games played he’s can be demoted for both years without passing through waivers right?

    • I believe that’s the thinking. They want to keep him but are pressed for cap space.