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The overnight report: On the Red Wings’ signings of Mike Green and Brad Richards

Updated 4x at 1:11 AM: The Detroit Red Wings aren't necessarily "sitting pretty" after signing Mike Green and Brad Richards to three and one-year contracts, respectively: according to General Fanager, Hockey's Cap and Cap Friendly, the Wings have somewhere between $4.8 and $6.8 million in salary cap space remaining (it's closer to $6 million), with restricted free agents Gustav Nyquist, Tomas Jurco, Landon Ferraro and Teemu Pulkkinen to re-sign (all assuming that Johan Franzen is healthy and that Pavel Datsyuk doesn't begin the year on the LTIR).

Those players are likely to take at least $6-8 million to re-sign, so the Wings have to make some room to ink them all to contracts. Wings GM Ken Holland readily admitted that the Red Wings have to make some moves to clear both roster and salary cap space after today's moves, but Holland made a telling comment to MLive's Brendan Savage about his roster-and-or-cap conundrum:

"We're going to have to make some moves, which is a good thing," he said. "I'd rather deal from a position of strength than a position of weakness. We feel real good about our depth on defense. It's a great day for the Red Wings today. We went into free agency looking to make some moves that would make a big impact on our team and I think we added two players today that provide some real important ingredients that we're looking for."

"It's early yet" as far as free agency goes--and earlier in terms of teams navigating their cap ceilings (which the Wings can exceed by 10% of the $71.4 million "upper limit") through the re-signings of restricted free agents and/or arbitration hearings, but if we are to believe what we read, the Wings are "big winners" in terms of their free agent machinations, according to USA Today's Kevin Allen...

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Ken Holland, Brad Richards, Mike Green conference call Twitter play-by-play

Ken Holland spoke with the Wings' media corps regarding the moves the Wings made today, and after the jump, here's the Twitter play-by-play of the conference call that Holland, Mike Green and Brad Richards held a little after 6:15 PM:

 

 

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Brad Richards officially a Red Wing

Updated 5x at 6:01 PM:

FYI:

Okey dokey, here it is:

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Brad Richards coming to Detroit?

Update:

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Kevin Porter exits Motown

FYI:

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Mike Green signs 3-year deal with Detroit

Updated 15x at 6:04 PM:

Update: the Sporting News's Sean Gentille says it's a good deal:

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Cody Hodgson signs with Nashville

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  Tags: cody+hodgson, nashville+predators

Semin? No thanks…

From ESPN's Craig Custance...

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Red Wings announce Miele signing, re-sign McCollum

FYI:

Wings/Griffins press release:

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Red Wings re-sign Andy Miele

From TSN's Frank Seravalli:

1-way = he'll be paid an NHl salary if he plays in GR.

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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.

 

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