Confirmed with Link: McGinn re-signs for 2 years (2.1M AAV, 1.9M/2.3M)

[Chrispy]

Arbitration was scheduled for today, and like many they came to agreement just before entering arbitration.

Click to read more...

 

[Anton Dubinchuk]

Basically the Martinook deal.

I’m fine with it, but if Williams is back I wouldn’t be opposed to moving someone.

 

[Moosetache]

a bit more than I expected.....I'd expect any Williams deal to be very incentive based so some of that cap hit can be moved to next year.

 

[Svechhammer]

Got that BDE back for the team

 

[A Star is Burns]

So, incentive based/cheap deal for Williams, move Reimer somehow, move Faulk in an August deal like Skinner last year (maybe with a cheaper dman coming back), or no Williams.

Relatively fair deal for Brock. I still would have considered moving on, but not upset at the deal. I suppose they still could if they need the space and Williams comes back.

 

[GoldiFox]

Better to get it done before the arbitration process. Now the only Free Agents of note next offseason are Haula and Faulk. Should be smoother sailing.

 

[Hurrikaanit]

Will definitely take that.

 

[spockBokk]

Eh..., it’s getting pretty crowded up front, but good to have McGinn back, even though I don’t think he’s worth $2M to this team. About the only guys that make sense to move to free up cap space are RDs. At this point, I’d be somewhat surprised if they moved Faulk, but TVR @ 2.5M for one more year might be palatable to a team like WPG or like team in desperate need of NHL quality RD.

If they moved TVR and went out and actually finally completed the Priskie deal, a 3rd pair of made up of the best of Priskie/Fleury/Bean/Forsling might not be too bad.

 

[sheriff bart]

Very moveable terms on McGinn if they decide to move him. I like his game, but he may be the victim of numbers and cap. Good value to bring back a good pick if they move on.

 

[DaveG]

Figured they'd come to terms before the hearing. Good value for what he brings as a solid PKer that can contribute offensively at a decent rate as well

 

[TheReelChuckFletcher]

Good contract for McGinn. I think that Dundon is serious about letting the Canes spend to the cap this season. Would not be surprised, though, if they move someone like TVR mid-season for picks if the young defensemen impress in his absence.

 

[Navin R Slavin]

Solid. Fine.

 

[Boom Boom Apathy]

Makes sense. As it stands now on capfriendly, which can change depending on rookies and camp (make the lines however you like):

Svech-Aho-TT
Nino-Staal-McGinn
Dzingel-Haula-Necas
Martinook-Wallmark-Foegele
Gibbons/Bishop

Slavin-Hamilton
Pesce-Faulk
Fleury-TVR
Forsling

Mrazek/Reimer

Cap space: $2.5M

With no other moves, they can pay Williams $3.2M (move Gibbons or Bishop down). Moving Reimer, as stated above gives them more room

Another option if they need more cap space, which many on here won't like is to trade TVR. I'd rather lose a bottom pairing guy who is coming off of shoulder surgery, and backfill with McKeown/Bean/Forsling than to lose a top 4 guy in Faulk.

 

[SaskCanesFan]

Yeah I'm wondering if they don't try to move TVR now. Probably depends on what they think of bringing Faulk back after this season, and the likelihood/readiness of getting a guy like Priskie. If their intention is to re-sign Faulk and keep the top 4 intact, then moving out TVR and saving $1.5m on Fleury/Forsling/Bean/McKeown/Priskie/anyoneelseiforgot makes sense. If Faulk will be a goner they may want to keep TVR so you're not running 3 inexperienced guys out there. Not sure what his value is coming off of surgery though and with the premium being put on cap space lately

 

[Hinterland]

Figured they'd come to terms before the hearing. Good value for what he brings as a solid PKer that can contribute offensively at a decent rate as well

Meh, still don't like him on the PK. Guy made lots of mistakes during the playoffs and PK numbers started to fall right when Rod started to play McGinn there. Glad he's back though even if it's a bit too much for what he is and brings.

 

[SaskCanesFan]

Re: McGinn, just so I'm clear on arbitration rules. Once it was filed, the team had to sign him, correct? Whether a contract like this, or an arbitration award, the Canes couldn't walk away. But I'm assuming there isn't a one year no trade rule like an offer sheet match? The Canes can trade him within 5 minutes if they want to?

 

[Big Daddy Cane]

Teams can be really aggressive with performance bonuses for a 35+ player on a 1 year deal. Iginla once got $3.7 mil from Boston for playing in just 10 games.

I'd be really surprised if they couldn't make a deal with incentives work with Williams.

 

[CandyCanes]

billy goat

 

[andy500]

When was the last time we were this close to the cap?

 

[Lempo]

Re: McGinn, just so I'm clear on arbitration rules. Once it was filed, the team had to sign him, correct? Whether a contract like this, or an arbitration award, the Canes couldn't walk away. But I'm assuming there isn't a one year no trade rule like an offer sheet match? The Canes can trade him within 5 minutes if they want to?

Pretty much yes. The award needs to be about $4.5M or more for there be the walk-away right for the team. When the player elects for arbitration, the team gets to decide if it's going to be 1 or 2 year SPC. If the team had elected one year, they can walk away right away; if the team had elected two years and choose to walk away, they sign a one year SPC after which the player is UFA.

If it was a team-elected arbitration then the team is stuck without walk-away right no matter what. (Except for that in that case the player is free to accept an Offre Hostile from another team instead until July 5th and if he does then it won't go to Arbitration but will be settled by the OH procedure).

The tradeability of SPCs is an important thing in the League. Offer Sheet is a bit of a special case, but in Arbitration it's an impartial Arbitrator who sets the final price, so technically the Arbitrated SPCs should be the most fair of them all and there's no reason to prevent a team logging the new SPC on someone else. So yes, they can trade him.

Long(winded) answer on the walk-away right:

12.10 Walk-Away Rights for Player-Elected Salary Arbitration.

(a) If a Club has elected to arbitrate a one-year SPC, and the award issued is for
$3,500,000 or more per annum, then the Club may, within forty-eight (48) hours after the award
of the Salary Arbitrator is issued (or, if a Club has any other Player still eligible for salary
arbitration at that time and for whom a decision has not been rendered by a Salary Arbitrator at
that time, and the Club still has a walk-away right available to it in such League Year pursuant to
paragraph (c) below, forty-eight (48) hours after the award of the Salary Arbitrator for such other
Player is issued or that Player's salary arbitration case is settled), notify the Player or his
Certified Agent, if any, the NHLPA and the NHL in writing, in accordance with Exhibit 3
hereof, that it does not intend to tender to the Player an SPC based on the award as determined
by the Salary Arbitrator. Upon receipt of that notice, the Player shall automatically be deemed to
be an Unrestricted Free Agent.

(b) If a Club has elected to arbitrate a two-year SPC and the award issued is for
$3,500,000 or more per annum, then the Club may, within forty-eight (48) hours after the award
of the Salary Arbitrator is issued (or, if a Club has any other Player still eligible for salary
arbitration at that time and for whom a decision has not been rendered by a Salary Arbitrator at
that time, and the Club still has a walk-away right available to it in such League Year pursuant to
paragraph (c) below, forty-eight (48) hours after the award of the Salary Arbitrator for such other
Player is issued or that salary arbitration case is settled), notify the Player or his Certified Agent,
if any, the NHLPA and the NHL in writing, in accordance with Exhibit 3 hereof, that it does not
intend to tender to the Player a two-year SPC based on the award as determined by the Salary
Arbitrator. Upon receipt of that notice, the Player and the Club shall enter into a one-year SPC
providing for the compensation set forth in the award and the Player will automatically be
deemed to be an Unrestricted Free Agent at the conclusion of that one-year SPC, subject to the
provisions of paragraph (c) below.

(c) Notwithstanding the provisions of paragraphs (a) and (b) above, a Club may
exercise the walk-away rights referred to therein not more than one (1) time in a League Year in
which the Club has only one (1) salary arbitration award, one (1) time in a League Year in which
the Club has two (2) salary arbitration awards, two (2) times in any League Year in which the
Club has three (3) salary arbitration awards, two (2) times in any League Year in which the Club
has four (4) salary arbitration awards, three (3) times in any League Year in which the Club has
five (5) salary arbitration awards and so on. If a Club exercises its walk-away right with respect
to a two-year award, the walk-away right shall be deemed to be exercised in the first year of the
two-year SPC.

(d) The dollar amount of $3,500,000 set forth in each of paragraphs (a) and (b) above
shall be increased on an annual basis at the same percentage rate of annual increase as the
Average League Salary, with the first such increase occurring based upon a comparison of the
2014/15 Average League Salary to the 2013/14 Average League Salary. By way of example, if
the Average League Salary for the 2014/15 League Year has increased by ten (10) percent from
the Average League Salary for the 2013/14 League Year, then the figure of $3,500,000 stated in
paragraphs (a) and (b) above shall be increased by ten (10) percent to $3,850,000.

(e) No Club shall be entitled to walk away from any award in a Club-elected salary
arbitration.

Obviously no one forced the team to give him a Qualifying Offer to retain his RFA rights to begin with. They could have let him walk if they didn't like it going to the Arbitration and a forced signing of the player.

 

[Finnish Jerk Train]

I'll take it. Landed right where you thought it would based on the arbitration asks.

 

[Unsustainable]

Williams on a 1y 2m +2m bonuses (goes against the cap next season).

Leaves us a little wiggle room.

 

[Roboturner913]

This amount seems fair to me. If Willy comes back they can fit him in by trading Reimer or getting creative with bonuses and backloading since Marleau is off the books after this season anyway.

 

[Big Daddy Cane]

When was the last time we were this close to the cap?

The team was at the ceiling for most of 13-14, but started on the multi-year path to the floor that Spring with the Ruutu trade. They were the lowest spending team in hockey by a significant margin by 16-17.

 

[TheReelChuckFletcher]

The team was at the ceiling for most of 13-14, but started on the multi-year path to the floor that Spring with the Ruutu trade. They were the lowest spending team in hockey by a significant margin by 16-17.

The best part about this situation, though, is how the Canes are spending the cap space. They're spending it on a 1st round pick and for players before and at the prime of their career, rather than on JR overpaying for middling players on the verge of leaving their prime.