Kukla's Korner Hockey
from Martin Fennelly of the Tampa Tribune,
I like Yzerman. I believe he knows what he's doing.
But it's on him now. All roads lead to the GM.
Lightning owner Jeff Vinik is such a believer he just gave Yzerman $32.7 million to buy out Vinny. Yzerman, by his own admission, stepped outside of the box by losing Vinny without a replacement in place. But in his mind, the Vinny move was inevitable, so why wait another season?
Yzerman has believers all over the dressing room, including Steven Stamkos and captain-to-be Marty St. Louis. I wonder, even now, if Marty would have asked for a trade last season if a coaching change hadn't been made midstream. He seems in a good place now, but couldn't that change if things don't come together?
TAMPA BAY – The Tampa Bay Lightning have signed free agent center Valtteri Filppula (FIHL-poo-luh, VAL-tuhr-ee) to a five-year contract today, vice president and general manager Steve Yzerman announced.
“We are pleased to sign Valtteri to a five-year contract today,” Yzerman said. “We feel he is an outstanding, all-around centerman who brings a winning pedigree to our organization. He fills a much-needed position for us at center and his skill, work ethic and character will make him a great addition to our team. On behalf of the Lightning we’d like to welcome him to the organization.”
TAMPA BAY – The Tampa Bay Lightning will use a compliance buy-out, as allowed by the NHL’s Collective Bargaining Agreement, on center Vincent Lecavalier, vice president and general manager Steve Yzerman announced today. Lecavalier becomes an unrestricted free agent on July 5, eligible to sign with any team in the NHL, except Tampa Bay. The Lightning will pay Lecavalier two-thirds of the value of his existing contract over twice the term of the deal.
“Vinny has been a significant reason for many of our past successes, including the 2004 Stanley Cup, and his contributions to the community are immeasurable,” said Yzerman upon announcing the buyout. “The Lightning organization is indebted to Vinny; we thank him for all he has done here and we wish him well as he moves forward.
“After much internal deliberation, we believe this will prove to be a pivotal move for us as we strive to achieve our long term goal of competing at the highest level, year-in, year-out. The economics and structure of the CBA are necessitating this decision and we at the Lightning are excited at the newly created opportunities this presents to us.”
John Fontana of Raw Charge informs us Steve Yzerman sent out an emaill this morning regarding buying out Lecavalier...
I am writing to inform you that we have elected to "buy-out" the contract of Vincent Lecavalier today. Working under the parameters set forth in the new collective bargaining agreement (CBA), each National Hockey League team is permitted two "compliance buy-outs" over the next two years. We have elected to use one of these buyouts to better position ourselves to operate under this new CBA. In buying-out Vinny's contract we are creating approximately $7.7 million of salary cap space for each of the next seven seasons as his contract will no longer count against the team's cap.
The decision to part ways with Vinny was not made easily. In fact, it will cost the Lightning (and owner Jeff Vinik) nearly $32.7 million over the next 14 years. However, after much internal deliberation, we believe this will prove to be a pivotal move for us as we strive to achieve our long term goal of competing at the highest level year-in, year-out.
from Damian Cristodero of Lightning Strikes,
Malone and Lecavalier's agent, Kent Hughes, said on Tuesday that they had not heard anything from the team regarding a buyout. But Hughes said, "We understand it's something they might be contemplating. It would be natural to do so."
Added Malone: "It occupies zero of my thoughts. I have no control over it. If they want to buy me out, there's nothing I can do. I would try to prove them wrong. It is what it is."
With more than $60 million in salary cap commitments for 2013-14 and up to five roster spots to fill, Tampa Bay could certainly use the cap relief. Buying out Lecavalier (with seven years, $45 million left on his deal and a $7.727 annual cap hit) and/or the oft-injured Malone (with two, years, $5 million left on his contract and a $4.5 million annual cap hit) certainly would create that.
In Lecavalier's case, it also would relieve Tampa Bay (if Lecavalier retires before the end of his deal) of potential significant penalties under the new salary cap recapture rule.
TAMPA BAY – The Tampa Bay Lightning have added NHL coaching veteran Rick Bowness to the position of associate coach on head coach Jon Cooper’s staff today, vice president and general manager Steve Yzerman announced.
“We are extremely pleased to add Rick Bowness to our coaching staff today,” Yzerman said. “With 24 years of NHL coaching experience as both a head coach and an assistant, we are confident Rick will be a valuable addition. We look forward to having him behind the bench next season.”
Bowness spent the previous seven seasons with the Vancouver Canucks, beginning his tenure there as an assistant and later being elevated to associate coach. The Canucks reached the Stanley Cup Playoffs in all but one of Bowness’ time behind the bench, including an appearance in the 2011 Stanley Cup Final.
TAMPA BAY – The Tampa Bay Lightning have signed goaltender Ben Bishop to a two-year contract extension today, vice president and general manager Steve Yzerman announced.
Bishop, 6-foot-7, 214 pounds, has played in six games with the Lightning after being acquired from the Ottawa Senators at the April 3 trade deadline. He has posted a 2-3-0 record with a .916 save percentage and a 3.21 goals-against average. Bishop made his Bolts debut on April 4 at Carolina, stopping all 45 shots he faced for a shutout. He was the second goalie in franchise history to post a shutout in his Lightning debut (Dwayne Roloson, January 4, 2011) and tied the franchise record for most saves in a shutout (Daren Puppa, November 27, 1995). He has played in a total of 19 games this season with Tampa Bay and Ottawa, recording a 10-8-0 record with a .920 save percentage, 2.68 goals-against average and two shutouts.
Thanks to SB Nation for the quick video.
RALEIGH, NC – Jim Rutherford, President and General Manager of the National Hockey League’s Carolina Hurricanes, today announced that the team has acquired defenseman Marc-Andre Bergeron from the Tampa Bay Lightning in exchange for Adam Hall and a seventh-round pick in the 2013 Draft.
“Marc-Andre is a skilled, veteran defenseman who has made a good career out of helping teams on the power play,” said Rutherford.
TAMPA BAY – The Tampa Bay Lightning have agreed to terms with forward B.J. Crombeen on a two-year contract extension, vice president and general manager Steve Yzerman announced today.
“We are pleased to have B.J. with the Lightning organization for another two years,” Yzerman said. “He has proven to be a hard-nosed right winger and reliable penalty killer, as well as a very popular teammate of outstanding character.”
Crombeen, 27, has skated in 30 games with the Lightning this season, recording a goal and seven points to go along with 86 penalty minutes and a plus-six rating. He ranks first on the Lightning and fifth in the National Hockey League in penalty minutes. The 6-foot-2, 209-pound forward scored his first goal in a Lightning uniform on March 5 against the Devils in New Jersey.
reports are the contract is worth $2.3M
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org