The Malik Report
The Red Wings officially exceeded the salary cap (at least by Capgeek's estimations, to the tune of $637,879, with Daniel Alfredsson's $2 million in bonuses deferred to the 14-15 cap) and have 25 players (and 16 forwards) under contract after inking Gustav Nyquist to a 2-year, $1.9 million contract.
Assuming that the team remains healthy throughout training camp and the exhibition season, the team will have to clear at least $640K off their cap figure and at least two bodies to get under the "upper limit" and the 23-man roster rule, respectively, by 5 PM on September 29th (the day after the exhibition season ends).
This seems like an appropriate Tweet given Gustav Nyquist's re-signing by the Red Wings this morning:
Quoting WZZM 13:
Update: Wrong blog. Oh well.
Ouch. Forbes Michael Ozanian reports that the Minnesota Wild's minority owner ran afoul of the Securities and Exchanges Commission, and as such, he got dinged with a fine larger than Ryan Suter's signing bonus:
Billionaire Philip Falcone will not have to go to the penalty box, but he and his hedge fund, Harbinger Capital Partners, will pay $18 million to settle SEC charges over Falcone’s use of firm money and other accusations, regulators said Monday.
SEC: “Falcone and Harbinger engaged in serious misconduct that harmed investors, and their admissions leave no doubt that they violated the federal securities laws,” said Andrew Ceresney, co-director of the SEC’s enforcement division. “Falcone must now pay a heavy price for his misconduct by surrendering millions of dollars and being barred from the hedge fund industry.”
Updated 6x with weird Cleary news at 2:18 PM: Amongst this afternoon's Red Wings-related news, first, hold your nose:
The Red Wings just announced the details of a new charitable partnership:
Via RedWingsFeed, the Grand Rapids Press's Peter J. Wallner knows what's up:
Update: The Detroit Free Press confirms in article form:
Monday was super busy from an "its summer news-wise" perspective, mostly because the second-to-last week in August usually marks the first time that NHL'ers take to the ice. Whether it was Daniel Alfredsson pissing people off in Ottawa (tip for "Alfie": there is nothing you can do that WON'T piss Ottawans off other than hauling tail to Metro Detroit) or Justin Abdelkader, Drew Miller, Jakub Kindl and a pair of former Wings in Valtteri Filppula and Daniel Cleary at Michigan State University's pro camp.
Michigan Hockey's Nick Barnowski spoke with Filppula about his new start in Tampa Bay, and he also spoke with Miller and Abdelkader about kicking off the on-ice portion of their off-season training regimen at their alma mater:
Valtteri Filppula ended a seven-year NHL tenure (8 years as a pro) and 11 years' of status as a member of the Red Wings' family to sign a 5-year, $25 million contract with the Wings' new division rival, the Tampa Bay Lightning, on July 1st.
Filppula left for a total of $500,000 more than the Wings paid Stephen Weiss to replace Filppula, but there are no hard feelings between player and former team or teammates.
Filppula spoke with Michigan Hockey's Nick Barnowski while attending Michigan State University's summer alumni camp, which includes Drew Miller, Justin Abdelkader, Jakub Kindl, Filppula and former Wing Daniel Cleary among its attendees (the skates take place around 11 each morning, and they're open to the public), and Filppula's ready to move on:
Via RedWingsFeed, the Detroit News's Ted Kulfan hasn't revealed the Red Wings' training camp roster, but according to Kulfan, Daniel Cleary's not on the roster as a try-out and Damien Brunner's not on the roster, either, meaning that the Wings have moved on. That's to be expected given the team will exceed the salary cap to re-sign RFA Gustav Nyquist, and given that the team's got a glut of forwards and needs to trim salary and players, not add to the mix, to get under the $64.3 million upper limit and 23-man roster limits by 5 PM on September 29th.
As such, Kulfan reports that the Wings are "going with what they've got":
"We have 16 NHL forwards, and kids in Grand Rapids who are pushing and aren’t far away,” Red Wings general manager Ken Holland said Monday. “There will be competition.”
Holland made offers to Cleary and Brunner before unrestricted free agency began July 5, but both were looking for bigger financial deals than what the Red Wings were offering.
The press-doesn't-speak-to-Alfie rule must have applied as Red Wings forward Daniel Alfredsson made an appearance at the Bell Sensplex today wearing Ottawa Senators gear and an Ottawa Senators practice jersey, annoying more than a few media and fans. Instead of Alfredsson speaking with the media, what I've got for you is Erik Karlsson telling the Canadian Press that he'd deal with it...
"It's pretty normal, I mean he's been doing it for a while," the Senators defenceman said with a laugh. "It's when he puts the other jersey that it would feel a little different probably."
Alfredsson joined other NHL players at an informal skate at Bell Sensplex on Monday. Last week the former Senators captain made headlines when he said negotiations to bring him back to Ottawa for another season "went nowhere," causing general manager Bryan Murray to publicly defend the front office.
About The Malik Report
The Malik Report is a destination for all things Red Wings-related. I offer biased, perhaps unprofessional-at-times and verbose coverage of my favorite team, their prospects and developmental affiliates. I've joined the Kukla's Korner family with five years of blogging under my belt, and I hope you'll find almost everything you need to follow your Red Wings at a place where all opinions are created equal and we're all friends, talking about hockey and the team we love to follow.