As the smoke clears from an active opening to free agency, we at Sound Of Hockey, wanted to highlight some of the movements around the NHL. There were 190 signings on the first day of free agency and 252 signings and counting so far with more than $1 billion committed across the league. We will focus on the impacts to the Pacific Division teams, what the new additions to the Seattle Kraken mean for their chances, and touch on a few other teams that made significant moves around the NHL.
Seattle Kraken
General manager Ron Francis was not his usual conservative self and made a big splash, signing two big free-agent targets:
- Brandon Montour (RD) – Seven years at $7.14M AAV ($50M total)
- Chandler Stephenson (C) – Seven years at $6.25M AAV ($43.75M total)
The initial feedback has not been all positive. Both players are 30 years old and signed seven-year deals. If either player actually plays out the entirety of his contract, he will be in a small minority of players in the league at that point. Only 15 NHL players were 37 at the start of the 2023-24 season. The cost of each contract as been described as an overpay, but that is the cost of doing business in free agency, especially if you want to attract talented players.
There are some positives from these signings. Let’s start with a simple question, are the Seattle Kraken better with Montour and Stephenson? On paper, this is a resounding yes, they have strengthened the defense and improved at the center position. Montour will most likely play on the second defensive pairing, but is capable of a first-pairing role and led all Florida Panthers in ice time last season. Stephenson is an improvement over former Kraken center Alex Wennberg and provides a bit more offensive punch. Stephenson will also be able to fill the second-line center role, hopefully reducing some pressure on Shane Wright, who looks to make the Kraken roster full-time this upcoming season.
Contract length
Seven years is the longest contract the Kraken could award to these players. Offering this term was likely a driving factor in Stephenson and Montour choosing to play for Seattle, which does not have the allure of being a true Stanley Cup contender.
I’m not terribly worried about the contract length, though I know this is a big part of the discourse about these signings. The reason I’m not worried about it is because a lot can happen during seven years. Players can be traded, bought out, get injured, or retire. While I don’t hope for the last two, the reality is injuries happen in hockey, and it is possible these contracts get moved to long-term injured reserve after a number of years.
Average annual value (AAV)
The AAV also seems high, but remember, seven years ago the NHL salary cap was at $75 million. It has increased 17.33 percent to $88 million. If the cap continues to grow at this rate, these deals may not seem as rich in a few years. If they produce, $6 million and $7 million contracts could seem cheap a couple years from now.
Players tend to decline in performance as they age, but these are the only two contracts currently on the books from 2027-28 onward.
Acquired through free agency
There are four ways to acquire a player, drafting, signing as a free agent, trading, or claiming off waivers. It’s generally believed that the best way to build a team is to build from the draft, but that takes time. Trading or signing free agents can speed up the timeline, but both have positives and negatives.
The positive for signing a free agent is the prospect pool remains intact, whereas trading often costs draft picks and/or prospects. The Kraken have a promising prospect pool, so to be able to add two solid players to their current roster without giving up any futures is a positive. To me, keeping that pool intact is worth a few extra million in overpay.
Stanley Cup pedigree
Ron Francis has a penchant for signing players that have won the Stanley Cup. Both Montour and Stephenson have hoisted Lord Stanley’s Cup, and Francis believes that experience is valuable when it comes to the grind of the season and the playoffs. Other Stanley Cup winners that have been signed by Ron Francis include Jaden Schwartz, Andre Burakovsky, Philipp Grubauer, Justin Schultz, and Brian Dumoulin (and, of course, head coach Dan Bylsma).
Signings overall
The Seattle Kraken have improved their roster with these signings, and, at least for the next two-three years, fans will get to enjoy this benefit. Hopefully by the time the contracts start to age, we will see a boost in performance from Seattle’s prospects.
Other Signings
The Kraken also made the following signings, mainly to backfill for departures from the Coachella Valley Firebirds, although Ben Meyers and Josh Mahura will certainly be looking to secure spots on the NHL roster. Their one-way contracts give them each an inside track to these spots, but we will see how training camp shakes out.
- Signed Ben Meyers (LW, C) – One year, 775K AAV one-way contract
- Signed Mitchell Stephens (C) – Two year, 775K AAV, two-way contract
- Signed Brandon Biro (LW) – One year, 775K AAV, two-way contract
- Signed Nikolas Brouillard (D) – One year, 775K AAV, two-way contract
- Signed Maxime Lajoie (LD) – One year, 775K AAV, two-way contract
- Signed Josh Mahura (LD) – One year, 775K AAV, one-way contract
Kraken moves overall
The Kraken have improved on both the offensive and defensive sides of puck. But have they done enough to secure a playoff spot? Time will tell, but it is reasonable to expect growth from Matty Beniers, Eeli Tolvanen, and Ryker Evans, and Andre Burakovsky should have a rebound year as well. With the additions of two legit players, the Kraken have a deeper roster than before, and all four lines should produce offense closer to what they did two seasons ago. Seattle also has a new coach in Bylsma who hopefully can bring an uptick in production.
Pacific Division
Anaheim Ducks
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Brian Dumoulin | Jakob Silfverberg | Same – Anaheim was bad last year and will continue to build this year. |
Calgary Flames
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Anthony Mantha Ryan Lomberg |
Jacob Markstrom Andrew Mangiapane |
Worse – They still have some work to do to get a starting goaltender to replace Markstrom. |
I would love to see Dustin Wolf get a crack at the starting job, but that seems farfetched. The Flames will need to find a starting goalie. Some Seattle Kraken fans will dream of Grubauer getting traded, but Seattle needs him, especially without Chris Driedger stashed in the AHL. Grubauer also has a 10-team no-trade list and a huge contract, so we don’t see him getting traded.
Edmonton Oilers
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Viktor Arvidsson Jeff Skinner |
Warren Foegele | Better – Resigned many of their current team and added, if you can believe it, more offense. |
Jeff Skinner is an excellent signing and should easily replace the offensive output of Warren Foegele. This should be the year Skinner finally gets to play in a playoff game.
Los Angeles Kings
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Warren Foegele Tanner Jeannot Joel Edmundson Darcy Kuemper |
Pierre-Luc Dubois Cam Talbot Matt Roy Viktor Arvidsson Blake Lizotte |
Worse – Dubois never panned out in LA, but Warren Foegele’s offensive ceiling is close to Dubois’ floor. Both had about 40 points this last season. It was Foegele’s best season and Dubois’ worst season. |
San Jose Sharks
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Tyler Toffoli Alex Wennberg Macklin Celebrini (Draft) Barclay Goodrow (waivers) |
Devin Cooley | Better – They definitely have an improved forward group, but their defense and goaltenders still need some help. They probably are not the favorite to land another first overall draft pick, but making the playoffs would still be a huge stretch. |
Back in January, we at Sound Of Hockey predicted it would take between $4.5-$5.5M to re-sign Wennberg, and that is exactly what San Jose paid, coming in at $5M AAV for two seasons.
Vancouver Canucks
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Jake DeBrusk | Ian Cole Elias Lindholm Nikita Zadorov Casey DeSmith |
Same – Lindholm did not work out, but prior to him coming, Vancouver was good. DeBrusk brings some more offense, and Arturs Silovs proved he is worthy of a backup role in the NHL. |
Jake DeBrusk has averaged a 24-goal pace for his NHL career.
Vegas Golden Knights
| Added | Lost | Same/Better/Worse |
|---|---|---|
| Ilya Samsonov Victor Olofsson Akira Schmid |
Chandler Stephenson Jonathan Marchessault Anthony Mantha Logan Thompson |
Slightly Worse – The Golden Knights lost a lot of offense, but they did add Hertl last year at the trade deadline. The goalie and defense situation should be similar to what it was before, even after trading Thompson. |
Hertl can replace Stephenson’s offensive production. Olofsson is a proven 20-goal scorer and did it on only 14 minutes of ice time with the Sabres. However, he will not match Marchessault’s production, which has now moved on to Nashville. Samsonov might thrive in a 1B role after shedding the pressure of playing in Toronto.
Overall Pacific Division
After a few days of free agency, it is way too early to predict standings for next season, but I’ll give it a try…
The Edmonton Oilers and the Vancouver Canucks look poised to hold onto the top two spots in the Pacific Division. The Los Angeles Kings, Vegas Golden Knights, and Calgary Flames appear ready to slide in the standings and open the door for the Kraken to slip into a playoff spot. The Anaheim Ducks and San Jose Sharks are content in the cellar for another year.
There is a lot of offseason left, and these teams will continue to make moves. But if the season started today, here is my (way too early) prediction for the Pacific Division standings:
- Edmonton Oilers
- Vancouver Canucks
- Seattle Kraken
- Vegas Golden Knights
- Los Angeles Kings
- Calgary Flames
- San Jose Sharks
- Anaheim Ducks
Around the NHL
A handful of teams set off some fireworks in the early goings of free agency. We will not review every free agency move, but we will highlight some teams that made a big boom or lit a dud. Moves include trades and draft picks that happened around free agency as well. With it being a long 4th of July weekend, we will provide ratings using fireworks.
Boston Bruins
Players added: Elias Lindholm, Nikita Zadorov, and Joonas Korpisalo (trade)
Players that left: Jake DeBrusk and Linus Ullmark (trade)
Firework rating: Firecracker thrown from your hand. Definitely made a bang with their signings, but there is risk in signing Lindholm at $7.75M AAV after his struggles in Vancouver. I like the Kraken’s signing of Stephenson better.
Carolina Hurricanes
Player added: Shayne Gostisbehere
Players that left: Jake Guenztel (traded rights away), Brady Skjei, Teuvo Teravainen
Firework rating: Bottle rocket dud. Carolina was not able to capitalize on Guenztel, who seemed to fit into their system, scoring 34 points in his 28 games after being acquired at the deadline.
Nashville Predators
Players added: Steven Stamkos, Jonathan Marchessault, and Brady Skjei
Players that left: Anthony Beauvillier and Jason Zucker
Firework rating: Mortars with report. Nashville was not happy with its first-round exit and brought in some big names on offense and defense. This improved team might be able to exceed its 18-game point streak from last season.
New York Islanders
Player added: Anthony Duclair
Players that left: No key players left
Firework rating: Ground Snake. Lou Lamoriello was able to keep this signing quiet, but Duclair is a solid pick-up.
Tampa Bay Lightning
Player added: Jake Guentzel
Players that left: Steven Stamkos, Tanner Jeannot (trade), and Matt Dumba
Firework rating: Ground Fountain. Tampa is out with the old and in with the new. It will be a new era in Tampa Bay with long-time captain Stamkos moving to Nashville. Guentzel was a nice piece of work, though.
Toronto Maple Leafs
Players added: Chris Tanev and Oliver Ekman-Larsson
Players that left: Tyler Bertuzzi, T.J. Brodie, and Ilya Samsonov
Firework rating: Saturn missile. You never know which way the missiles are going to fire. This year, Toronto is adding veteran defense and a new coach in Craig Berube. The team should be playoff bound again, but it will be interesting to see how this roster responds to the offseason changes.
Washington Capitals
Players added: Jakob Chychrun, Logan Thompson, Andrew Mangiapane, Pierre-Luc Dubois, and Matt Roy
Players that left: Nick Jenson and Darcy Kuemper
Firework rating: 500-gram firework cake. The Capitals did most of their moves through trades, but they have brought in a good group of players. These players should be able to improve Washington’s record, but the Caps currently project to be ~$13M over the cap. So, some work still needs to be done.
Wrapping up
It has been a busy start to the summer with all the free-agent signings, the trades, the NHL Draft, and Kraken Development Camp all hitting at about the same time. We are only a couple weeks into the official offseason, and I am already looking forward to the start of next season.
Please let me know you thoughts on the players acquired or traded and you think this impacts the Kraken and/or league. You can follow @blaizg on x.com
