O’Reilly and Frolik taken to arbitration by Avalanche and Jets respectively, latest NHL salary cap news, Penguins coaching search and more.
TSN.CA: The Colorado Avalanche have elected to take forward Ryan O’Reilly to salary arbitration.
NBC SPORTS: The Winnipeg Jets have filed for salary arbitration with forward Michael Frolik.
SPECTOR’S NOTE: Both players are slated to become restricted free agents on July 1. The Avs and Jets have decided not to make qualifying offers to O’Reilly and Frolik. O’Reilly’s coming off a two-year, $10 million contract, though the second year was for $6.5 million, meaning it would’ve cost the Avs that much just to qualify his rights. Frolik is coming off a three-year, $7 million deal, with the final season paying him $1.9 million, which is what it would’ve cost the Jets to qualify his rights.
If an arbiter sides with their respective teams, O’Reilly and/or Frolik receive 85 percent of what the qualifying offers would’ve been. Arbitration hearings will begin in late-July, but the teams and players can still negotiate and even agree to new contracts between now and their respective arbitration dates.
Unlike under the previous CBA, where a player taken to arbitration by his team was ineligible to receive an offer sheet, there is a five-day window (July 1 – 5) where O’Reilly and Frolik could sign offer sheets from rival clubs. O’Reilly’s current contract is the result of his signing an offer sheet in February 2013 with the Calgary Flames, which the Avs subsequently matched.
THE GLOBE & MAIL: James Mirtle anticipates plenty of trade talk and some compliance buyouts over the remainder of June. He also reports the Boston Bruins, Detroit Red Wings and New Jersey Devils are believed to have exceeded this year’s salary cap by at least $3 million because of performance bonuses for Jarome Iginla, Daniel Alfredsson and Jaromir Jagr. It’s also believed the salary cap for next season could receive an additional boost over the recently-projected $69.5 million if the league and NHLPA agree to include the new Canadian TV deal into the cap formula right away, boosting it further by a few million dollars.
SPECTOR’S NOTE: Interesting stuff from Mirtle. The bonus overages for the Bruins, Red Wings and Devils will be applied to next season’s (2014-15) salary cap, giving those clubs less money to worth with. They would probably be on board with the new Canadian TV deal being applied to the cap for next season.
PITTSBURGH POST-GAZETTE: Penguins GM Jim Rutherford faces a busy week, which includes interviewing candidates for the club’s vacant head coaching job.
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CHICAGO SUN-TIMES: How the Blackhawks and Kings are setting the standard for the rest of the NHL.