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Morning Line- Kevin Allen

If there were ever a summer to wade carefully into the free agent pool, it is this one. At best, the pool includes serviceable players. At worst, the pool includes too many players whose performance levels are challenging to predict.

-Kevin Allen of USA TODAY where you can read more on UFA day.

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The Carolina Hurricanes Had To Buyout Alexander Semin

from Luke DeCock of the News & Observer,

Perhaps flush from his election into the Hockey Hall of Fame, Carolina Hurricanes owner Peter Karmanos did something so out of character Tuesday it was earthshaking. He authorized the $14 million buyout of Alexander Semin’s contract.

And just like that, Jim Rutherford’s $35 million mistake became a $28 million mistake, and Semin will have to slouch around somewhere else not scoring goals next season. And the season after that. And the season after that.

Paying a player that much money to go away is not in the Hurricanes’ DNA. In fact, it pretty much represents the opposite of everything Karmanos and the Hurricanes have done over the years, which is to try to operate on a tight budget while other teams throw money at problems.

That’s one measure of how badly the Hurricanes wanted Semin out, wanted him away from their impressionable young players. After trying to find a less expensive solution at the draft – swapping bad contracts, or sending Semin and an asset to a deep-pocketed team that would then pay to buy him out – they were left with no choice.

continued

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  Tags: alexander+semin

Signings And Taxes

from Frank Seravalli of TSN,

One year ago, a record $528 million was doled out to 89 unrestricted free agents over 183 years worth of contracts.

That was in a span of 12 hours on opening day of the 2014 NHL free-agent season.
 
Another few hundred million is sure to be spent on Wednesday.
 
But signing a $2 million contract to play for the Anaheim Ducks is not worth the same as signing a $2 million contract to play for the Florida Panthers. Choosing to play in Tampa Bay rather than San Jose could be the difference between earning another $300,000 a year, after taxes. 

The average NHL player pays approximately $1,247,960 in income tax every year, or close to 45 per cent of the league average salary of $2.8 million. Federal, provincial, state and local taxes vary based on the location of the franchise. None of that takes into account the relative cost of living in each locale, such as the housing market.
 
There are many other factors for a player to consider before he signs on the dotted line. 

continued

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Tracking The Signings And Moves

TSN Free Agency Tracker

Sportsnet's NHL Signings

TSN Transaction Page

The post will remain sticky at least thru today, UFA day and maybe beyond.

Feel free to discuss the transactions today or in the individual posts when the transactions happen.

Happy Canada Day too!

[George edit] CapFriendly, HockeysCap and General Fanager should help you with the salary cap ramifications of today's deals [/end George edit]

Also, please consider donating to the KK Donation Drive. Thanks.

added 10:51am, NHL Network live stream added below...

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Filed in: NHL Teams, | KK Hockey | Permalink
 

More of the same Coyote-relocation-talk wackiness via ‘ridiculous and irresponsible’ story

So I'm working the late shift on Free Agent Eve for Paul, and I come across this baffling story from the New York Post's
Josh Kosman
...

Sin City is getting hockey, two sources close to the situation told The Post.

The NHL is arranging the sale of the Arizona Coyotes to billionaire William Foley who will move the team to Las Vegas giving it its first major professional franchise, one source said.

Uh, Foley wants his own franchise...

“Las Vegas has reached 10,000 season ticket deposits,” enough to justify a franchise, the other source said.

That's not what the NHL suggested.

Foley said in January that he needed 10,000 ticket deposits to get an NHL team.

Yes, that's true, but the principals in the story are issuing simple denials...

A Coyotes spokesman said, “The Coyotes are committed to playing in Arizona.” When asked for how long, the spokesman reiterated it was committed to playing in Arizona. “Period.” Arizona last year ranked 28th in attendance.

...

The NHL denied the story.

And as you might expect, the NHL is not happy with this fluffernutter...

Continue Reading »

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  Tags: phoenix+coyotes

Open Post- The Night Before The UFA Period

UFA signings can happen anytime after 12:00pm ET on Wednesday and the day should be filled with signing activity.

Feel free to discuss anything hockey related as we wait for the clock to strike noon tomorrow.

Filed in: NHL Teams, | KK Hockey | Permalink
 

Arizona Coyotes Trade Lauri Korpikoski To Edmonton For Boyd Gordon

GLENDALE, ARIZONA – Arizona Coyotes General Manager Don Maloney announced today that the Coyotes have acquired center Boyd Gordon from the Edmonton Oilers in exchange for forward Lauri Korpikoski.

"We are very pleased to re-acquire Boyd Gordon," said Maloney. "Boyd is an excellent defensive center who is one of the league's best in the face-off circle. He has a great work ethic and will add experience and leadership to our dressing room. We are excited to have him back."

Filed in: NHL Teams, d, Edmonton Oilers, | KK Hockey | Permalink
 

Vancouver Trades Kevin Bieksa To The Anaheim Ducks

Vancouver, B.C. - Vancouver Canucks General Manager Jim Benning announced today that the Canucks have acquired a 2016 second round draft pick from Anaheim in exchange for defenceman Kevin Bieksa.

“We would like to thank Kevin and his wife Katie for their incredible commitment to this team and community,” said General Manager Jim Benning. “It’s always a difficult decision to trade a player who’s been such a big part of an organization for so long and we wanted to make sure we did what was best for both Kevin and the Canucks. Kevin was a leader for us and will always be connected with our fans and the Vancouver Canucks because of all he did for this province and team. We wish him and his family the very best.”

added 6:06pm,

 

Filed in: NHL Teams, Anaheim Ducks, Vancouver Canucks, | KK Hockey | Permalink
  Tags: kevin+bieksa

Brandon Saad Traded To Columbus

 

 

added 5:16pm,

 

added 5:21pm, Columbus release is below...

Continue Reading »

Filed in: NHL Teams, Chicago Blackhawks, Columbus Blue Jackets, | KK Hockey | Permalink
  Tags: brandon+saad

A Four-Year Deal For Anders Lee And The New York Islanders

The New York Islanders announced today that forward Anders Lee has agreed to terms on a four-year contract.

Lee scored 25 goals and 41 points in 76 games as a rookie last season with the Islanders. The Edina, MN, native finished second on the Islanders in goals and fourth among National Hockey League rookies.

“Anders has proven to be an effective goal scorer over his two seasons with the club,” Islanders General Manager Garth Snow said. “We’re thrilled to have another home-grown talent signed long term.”

The Islanders selected the 24-year-old winger in the sixth round (152nd overall) of the 2009 NHL Draft. He has 57 points (35 goals, 22 assists) in 100 career NHL games and 46 points (25 goals, 21 assists) in 59 career American Hockey League games with the Bridgeport Sound Tigers.

“I’m extremely excited to finalize this deal and ensure that I’m a New York Islander for the next four seasons,” Lee said. “The organization has been nothing but first class to me from the moment I was drafted. I look forward to competing for the Stanley Cup in each year while playing in front of the best fans in the NHL."

 

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
  Tags: anders+lee

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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 pk@kuklaskorner.com

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