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Abel to Yzerman

Red Wings Trade Richard Panik For Nick Leddy

added 8:19pm,

 

added 8:38pm, Cap implications below.

added 9:17pm, Detroit press release is below.

 

DETROIT -- The Detroit Red Wings today acquired defenseman Nick Leddy from the New York Islanders in exchange for right wing Richard Panik and Edmonton's second-round pick (52nd overall) in the 2021 NHL Entry Draft. Additionally, the Red Wings will retain 50 percent of Panik's salary.

Leddy, 30, led Islanders defensemen in scoring in 2020-21 with 31 points (2-29-31) and eight penalty minutes in 56 games, while adding six points (0-6-6) and two penalty minutes in 19 postseason games as New York reached the Eastern Conference Final for the second-consecutive season. Leddy played seven seasons for the Islanders, cracking double-digit goals on three occasions as well as producing three-straight seasons with 40-or-more points, notching a career-best 46 points (11-35-46) in 81 games during the 2016-17 campaign. Over his 776-game NHL career with the Chicago Blackhawks and Islanders, the 6-foot, 207-pound blueliner has produced 336 points (65-271-336) and 145 penalty minutes, while logging 33 points (7-26-33) and 12 penalty minutes in 121 playoff games. In his second full NHL campaign, Leddy helped Chicago win the 2013 Stanley Cup championship, posting 18 points (6-12-18) in 48 regular-season games and adding two assists in 22 playoff games.

Originally drafted by the Minnesota Wild in the first round (16th overall) of the 2009 NHL Entry Draft, Leddy skated in parts of two American Hockey League seasons with the Rockford IceHogs between 2010-13 before earning a full-time NHL role, registering 26 points (5-21-26) and 14 penalty minutes in 53 games. The Eden Prairie, Minn., native played one season at the University of Minnesota (2009-10) prior to turning professional, logging 11 points (3-8-11) and four penalty minutes in 30 games. He also won bronze with the United States at the 2011 IIHF World Junior Championship, with three points (0-3-3) in six games for his country. Prior to his collegiate career, Leddy played high school hockey in Minnesota where he was named Minnesota's Mr. Hockey in 2009 to cap off his career at Eden Prairie High.

 
 
 

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Wow.  What a trade.  Panik will fit great on the islanders if they keep him.  But getting a minute muncher like leddy, 1 for 1 for a 3rd line forward is unreal.

Posted by ThatGuy on 07/16/21 at 08:29 PM ET

Avatar

Ahh missed the 2nd rounder.

Posted by ThatGuy on 07/16/21 at 08:31 PM ET

Paul's avatar

Well there’s you mentor for Seider and quite possibly his D partner.

Posted by Paul from Motown Area on 07/16/21 at 08:31 PM ET

MurrayChadwick's avatar

What a trade, now we all need to understand however, that this trade is really

Nick Leddy for Panik our 2nd AND Cholowski or Lindstrom,


But then we also will be able to flip Leddy, eat salary and get a nice package in return, he’s the kind of player that contenders pay to add.

Posted by MurrayChadwick from YzerHolland2.0's pixie dust fueled bandwagon on 07/16/21 at 08:35 PM ET

MurrayChadwick's avatar

That should say…

AND losing Cholowski or Lindstrom to Seattle

Posted by MurrayChadwick from YzerHolland2.0's pixie dust fueled bandwagon on 07/16/21 at 08:36 PM ET

Nate A's avatar

Love it. I’ll still take Suter, but it’s a great trade.

Posted by Nate A from Detroit-ish on 07/16/21 at 08:37 PM ET

Paul's avatar

via Arthur Staple of The Athletic ($$$) on July 12th,

There have been rumors around the league ever since Lamoriello took over the Isles that Nick Leddy might be on the trade block. There’s a much bigger sense of urgency to any trade talk now, given that Leddy could be the odd man out on the expansion protected list submitted on Saturday. But two league sources indicated that the Islanders are shopping the 30-year-old defenseman this week so they would not have to leave him unprotected and potentially lose Leddy to Seattle for nothing.

Another reason to try and move Leddy ahead of the expansion draft: The Isles need to free up as much cap space as possible, so trading Leddy and the one year at $5.5 million AAV ($7 million in salary) remaining on his deal might allow the Islanders to shed two big cap hits rather than one. The return might not be valuable given teams know Lamoriello is eager to shed salary — and that higher cash total than AAV might knock a few suitors out — but Leddy is still a useful top-four defenseman, so there almost certainly wouldn’t be any asset included in the deal, which is a plus.

Posted by Paul from Motown Area on 07/16/21 at 08:47 PM ET

Avatar

That should say…

AND losing Cholowski or Lindstrom to Seattle

I don’t know if that’s guaranteed to be the case. Seattle could still value Stecher over the other two. And if Seattle does take Lindstrom, then we keep Stecher. Getting Leddy is a good move regardless of who Seattle takes in the expansion draft.

Posted by Trade Deadline Rental on 07/16/21 at 08:53 PM ET

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SY always does something completely unexpected and for some reason I though Leddy was much older. I am assuming we are trading him at the deadline for at least a second round pick, so this trade could be a wash. I cannot imagine Leddy being happy with this trade though.

Posted by VPalmer on 07/16/21 at 09:06 PM ET

Avatar

Not sure if I like this trade. I realize Panik wasn’t really in the Wings plan, but to give up a second for 1 year + retain 50% of Panik’s salary. I hope they can get a better second rounder if they flip him. Maybe just part of letting the kids play more to develop or Staal isn’t coming back.

Posted by Stump23 on 07/16/21 at 09:07 PM ET

Paul's avatar

Detroit press release added to the post.

Posted by Paul from Motown Area on 07/16/21 at 09:19 PM ET

Hootinani's avatar

Unless Leddy is in their long term plans, and they can convince him to stick around, this seems like sideways deal at best for Detroit.

Best case scenario, Leddy sticks around and you’re out a draft pick, some cap space and you lost some other D to Seattle for a 3-4 guy.

Worst case is he leaves (hopefully by trade) and you’re out cap space, a Dman and you swapped this years pick for next years.

Neither scenario is all that good or bad, it just seems like it adds up to doing a bit of a favor for Lamoriello.

Unless adding Leddy puts you in a position to make another, more important move.

Posted by Hootinani on 07/16/21 at 09:19 PM ET

Avatar

Pretty sure this forces the wings to expose Namestnikov, who might get picked ahead of Stecher, for exposure rules. Definitely a good potential partner for Seider though. Long shot but maybe Leddy gets left exposed for Seattle in a deal or protected for another team and then traded to them after the expansion draft?

Posted by beantownredwings on 07/16/21 at 09:27 PM ET

Paul's avatar

from Helene St. James of the Detroit Free Press,

The Detroit Red Wings have acquired veteran defenseman Nick Leddy, who could serve both as a partner for Moritz Seider and a trade chip at next season’s deadline.

In exchange for Leddy, the Wings sent forward Richard Panik and the No. 52 pick in the 2021 draft to the New York Islanders. Panik was a throw-in in April’s Anthony Mantha-Jakub Vrana trade-deadline deal, and the pick was one general manager Steve Yzerman acquired at the 2020 deadline in the Andreas Athanasiou deal with the Edmonton Oilers. Panik had a goal and three assists in 12 games with the Wings, who retained 50% of his salary. Panik is signed through 2022-23.

Leddy, 30, has one year left on his contract with a $5.5 million cap hit. He’s regarded as an offensive defenseman, having recorded 336 career points (65 goals, 271 assists) in 776 games.

continued

Posted by Paul from Motown Area on 07/16/21 at 09:45 PM ET

ilovehomers's avatar

Yeah not sure why you give up a 2nd round pick and retain salary.

As we know, designating someone as deadline fodder is not safe, be it injury or the market just being shallow.

This may be seider’s mentor. But you couldn’t find one on the FA market?

So I give it a thumbs down.

Posted by ilovehomers on 07/16/21 at 09:54 PM ET

Paul's avatar

via Ted Kulfan of the Detroit News (paid),

In 776 career games, Leddy has 65 goals and 271 assists.

Leddy (6-foot, 205-pounds) is an elite skater with mobility and acceleration. He is a fine passer and playmaker off the rush. His strength is, and always has been, on the offensive end or playing with the puck.

It’s on the defensive end where Leddy has struggled, in one season with the Islanders posting a minus-42 rating.

Still, with his mobility and experience, Leddy could be an adequate partner for rooikie Moritz Seider, whose defensive, physical style could mesh with Leddy.

In Leddy, the Wings will have also have an attractive chip at the trade deadline if the Wings are sellers again, given he’s in the final year of his contract.

Posted by Paul from Motown Area on 07/16/21 at 09:57 PM ET

bigfrog's avatar

Not sure what to make of this deal, but I assume either Cholo and/or Lindstrom will now be exposed to Seattle? tongue laugh

Posted by bigfrog on 07/16/21 at 10:00 PM ET

RedMenace's avatar

Leddy is the perfect partner/mentor for Apples.

I wanted Leddy as far as the deadline of last season, but I’m never right.

Posted by RedMenace from A Miserable Existence on 07/16/21 at 10:01 PM ET

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Hated it at first but I’m coming around. He’s only 30, can play 20+ a night and mentor Seider. $5.5 on the cap means nothing next year and moving panic (who had two years left) opens up a bottom 6 spot. If they can flip leddy for a 2nd at the deadline that makes the pick a wash. Losing Lindstrom or cholo would be disappointing but that’s TBD. Not a steal, but I think this is a precursor to another move. Time will tell.

Posted by MZ2215 on 07/16/21 at 10:10 PM ET

d ca's avatar

Is there any way Yzerman moves Leddy after the expansion draft and before/during the NHL draft by retaining 50% and sending him to a team that got a top 4 d-man expansion drafted by Seattle?

...essentially Detroit would be the middle man of the actual trade and store Leddy away from Seattle plus eat half his contract…

if not, that’s what will happen by trade deadline anyways…

I would have like the pick to be 3rd or lower….but overall a fair trade…

Posted by d ca on 07/16/21 at 10:22 PM ET

Kaszycki and his Krew's avatar

Good deal for both teams! 

take care of Nick!!!  Heckufa nice guy and his best skill is that he is a real puck transporter - can skate it out of the zone better than anyone else we have.

His and Johnny Boychuk coming to NYI in 2014 jump started the process to turn the team from a loser to a real contender.

NYI have no D who meets the expansion draft requirements available (after protecting Pelech, Pulock and Mayfield) so expect Lou to sign a D-Man to fit that requirement.

Also - Steve may be able to get a better haul for Nick at the deadline - just don’t trade him to the Rangers!!!

Posted by Kaszycki and his Krew on 07/16/21 at 10:28 PM ET

Kaszycki and his Krew's avatar

To make more clear - the NYI have to expose one D who played a certian (40?) NHL games last year.  Other DMEN are available to be picked

Posted by Kaszycki and his Krew on 07/16/21 at 10:35 PM ET

Shanny_Fan's avatar

I love this deal. A solid left shooting offensive defenseman is exactly what we need. 2nd rounders miss more often than not in a regular year let alone a year without much scouting. Yzerman still has extra picks in the first 5 rounds this year even after this trade so I still think he’ll get most of the mid round guys he’s targeting without this pick. Worst case scenario Leddy gets moved for a 2nd rounder next year where there’s more scouting certainty, best case scenario he’s a solid second pair guy on the 2025 Red Wings cup winning team. Cholo and Lindstrom both look like borderline NHLers at best to me, so I’d have no problem losing either one to Seattle if that’s the way it goes.

Posted by Shanny_Fan on 07/16/21 at 10:48 PM ET

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I would protect Hronek, Leddy and Statcher at this point and let Kraken choose between Lindstrom and Cholowski,

Posted by VPalmer on 07/16/21 at 10:57 PM ET

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I love the trade. Maybe I’m not invested as much as I used to be, but Yzerman picked up the best player in this deal and at the end of the day this team will he more watchable next season.

Posted by Jdunc from Flint, MI on 07/16/21 at 11:00 PM ET

SauceBoss's avatar

Trades are hard

Posted by SauceBoss on 07/16/21 at 11:01 PM ET

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This may be seider’s mentor. But you couldn’t find one on the FA market?

Not that easy. It has to be an experienced, left handed, fast and available dman or somebody willing to come here on a short term deal. Leddy checks all the boxes. The price is a second rounder (the furthest out of our 3) which will probably come back at next deadline.

Posted by VPalmer on 07/16/21 at 11:03 PM ET

Hippy Dave's avatar

We stand to lose nothing at the expansion draft.  We should keep Namestnikov over Smith, Lindstrom, and Cholo. 

This is a good move.  Leddy’s a minute muncher and a solid D-man.

In Stevie we trust.

Posted by Hippy Dave from Somewhere West of Detroit on 07/16/21 at 11:29 PM ET

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re: d ca - ...essentially Detroit would be the middle man of the actual trade and store Leddy away from Seattle plus eat half his contract…

good stuff - you’ve always got your thinking cap on.

Posted by rickytarr on 07/16/21 at 11:34 PM ET

ilovehomers's avatar

https://www.spotrac.com/nhl/free-agents/defenseman/ufa/

Here’s the dman UFAs.

Posted by ilovehomers on 07/16/21 at 11:42 PM ET

ilovehomers's avatar

So maybe im just too pessimistic about this but:

We give up a 2nd round pick for either half a year of mentoring (which is an assumption on our part) plus a possible pick back (Mike Green, anyone?) Or 1 year of mentoring and nothing back.

Maybe Leddy gets a 1-3 year extension after and is with Seider until he is full go.

I know this draft is a “crap shoot” but doesn’t that also mean a better chance to find later round gems, something Yzerman has excelled at?


I prefer d_ca’s suggestion to pan out.

Posted by ilovehomers on 07/16/21 at 11:50 PM ET

OlderThanChelios's avatar

Hmmm. And so the fun begins. This is going to be an interesting seven days.

Posted by OlderThanChelios from Grand Rapids, MI on 07/17/21 at 12:14 AM ET

Royal Grand Exalted PooBah's avatar

I wouldn’t include Cholo and Lindstrom in the price as they were on the block before the trade possibly if they protect Stecher. You will end up missing Cholo or Lindstrom about as much as you miss Sproul, Marchinko, and Oulette. Both are guys that the team will move on from as new players are more successful.

Posted by Royal Grand Exalted PooBah from the basement of the Alamo on 07/17/21 at 12:31 AM ET

ilovehomers's avatar

The Islanders were up against the cap and had to leave SOMEONE exposed that they didnt want to. We talk about weaponzing our cap space to squeeze a team (like the Rangers with staal)...and give up a pick along with?

I hate to do this but its a bit of a parallel: Holland has been skewered over the Duncan Keith trade, and rightfully so. But he had all the bargaining chips. He got no salary retention, gave up a prospect, and a conditional 3rd.

Yzerman seems to have almost all the chips here, and still gave up that pick despite the Isles getting over 4 mil in cap relief

Posted by ilovehomers on 07/17/21 at 12:32 AM ET

Hippy Dave's avatar

weaponzing our cap space

I loved it the first time you said it and I love it to this day.

Posted by Hippy Dave from Somewhere West of Detroit on 07/17/21 at 12:53 AM ET

Alan's avatar

I generally like the deal, honestly.

We get Leddy, who is certainly a mentor for a kid like Seider. Yeah, we lose a 2nd, but big deal. We had 12 draft picks in a relatively shallow draft year, and we gave it to a team who doesn’t have their own first or second rounders. No major loss.

Sure, it means that Cholo/Lindstrom could be exposed. But we don’t know who isn’t protected yet. There could be a player or two Seattle sees as better options than to pick off a young D-man. For instance, Seattle might want a veteran D, and if DDK is exposed, perhaps they snag him. Or maybe they’d prefer a forward instead. Who knows?

We really don’t know what’s coming until the list of our protected players comes out.

Posted by Alan from Atlanta on 07/17/21 at 01:15 AM ET

Nate A's avatar

Posted by ilovehomers

I look at it this way. Wings give up a late 2nd round pick in a shallow draft and a serviceable but expensive 3rd line player for a guy who is instantly the best defenseman on the team.

I get that’s not saying much for this team, but Leddy was 24th in defense scoring this past season. He’s a guy that can put up 30-40+ points from the back end on a yearly basis, can run a power play and knows how to move the puck out of his own end. A skillset the wings desperately need.

It’s not going to make them an instant contender, there’s still building to do, but it is a significant piece to make them competitive on a nightly basis. He might not be that elite #1 we’re all pining for, but he’s a top pair defenseman on just about any team right now and Yzerman paid middle pair price for him at worst. One could nitpick the Panik cap retention, but for the Wings it just doesn’t matter. There’s more than enough space to absorb that.

At worst, he gets flipped at the deadline when prices go up. Assuming the Wings don’t retain salary on another contract before then, they can retain part of Leddy’s to facilitate a trade to almost any team.A fair comparable might be Alec Martinez who returned two second round picks in spring 2020 with no salary retained. Leddy is a better and younger player than Martinez.

Or you re-sign him for a few years at a similar cap hit to where he’s at now to stabilize the back end while Hronek and Seider grow into their roles.

Posted by Nate A from Detroit-ish on 07/17/21 at 01:28 AM ET

d ca's avatar

... if they protect Stecher. You will end up missing Cholo or Lindstrom about as much as you miss Sproul, Marchinko, and Oulette…..
Posted by Royal Grand Exalted PooBah from the basement of the Alamo on 07/17/21 at 12:31 AM ET

The fact the hard choice the Wings have to make in the expansion draft is between the 3 shows how bad of a club they have been recently. 2 of the 3 are guaranteed to be 3rd pairing guys (Stetcher and Lindstrom). Yes, those are pretty easily replaceable—so I don’t see why you would protect Stecher. Lindstrom has team control (aka cost certainty): Stetcher does not. As a GM you take cost certainty on the 3rd pairing every day of the week. That’s before I even bring into the fact Stetcher can’t pack up his gear and head elsewhere next summer…maybe he wants to be closer to home in BC. He can do that.

Has Cholo realized his potential? He’s 23 with 100 NHL games, but more that 50% were as a 20 year old rookie. He was directed to focus on the power play: he responded with eight points in the first seven games. Cholo’s progress thru Max Bultman’s eyes and finished with 10 pts in 13 games. Then there’s the lack of depth on the left side and the fact Cholo is a lefty.

Lindstrom is the least experienced of the 3, but is the most defense-first defender of them too. He plays safe, positionally sound hockey which is why you can throw him out on the PK.

So the choice of protection should be between Lindstrom and Cholo. And you go with Cholo knowing that if Seattle takes one of your 3rd pairing RHD (Stetcher or Lindstrom) the other guy can play that 3rd pair RHD.

I would protect Hronek, Leddy and Statcher at this point and let Kraken choose between Lindstrom and Cholowski,
Posted by VPalmer on 07/16/21 at 10:57 PM ET

Glaring issues with doing this:
1) Stecher has no team control left—he’s an UFA after this year. He doesn’t want to stay: he no longer has to.
2) Cost vs usage—-Stecher will be the 3rd pairing RHD (behind Hronek and Seider). And a very costly one at that. One way to eat up your cap room is to have overpriced UFA 3rd pairing d-men. Stetcher already made 2.325M a year on Vancouver. He was their 3rd pairing guy too, which is why they let him go.

ilovehomers’s avatar
The Islanders were up against the cap….weaponzing our cap space…
Posted by ilovehomers on 07/17/21 at 12:32 AM ET

I agree with you that I don’t like the inclusion of the 2nd rounder especially given the salary retention on Panik. Also, you have to note that each NHL club is allowed only 3 salaried retentions per year. That may be the worst part.

Leddy was the guy they were going to expose because of a few internal issues, but that doesn’t mean he wasn’t valuable to them. He was 2nd in TOI for the Isles’ d-men. This wasn’t on Blash’s we just want to be competitive team—no—he was on the Isle that went to a game 7 against Tampa. He still can skate at an above average NHL rate. He can QB a PP.  And most importantly for the Wings he’s a puck transporter out of the defensive end.

If healthy the Wings should have little trouble moving Leddy at the deadline—especially if they save one of those salary retention slots and use it on him. In the meantime, they have a solid vet to pair with Seider and ease him into the NHL. Oh, and they still have plenty of cap room to weaponize for another draft pick.

Posted by d ca on 07/17/21 at 01:58 AM ET

RedMenace's avatar

Posted by d ca on 07/17/21 at 01:58 AM ET

Out of the three, and given the choice, I’d protect Cholo over Lindy and Stretch. Cholo already has a decent amount of NHL experience, is young, fills a position of need (LHD), and still has the higher potential upside (in my opinion, of course).

And yes, I just pulled those nicknames out of my ass.

 

Posted by RedMenace from A Miserable Existence on 07/17/21 at 04:31 AM ET

Paul's avatar

from Max Bultman of The Athletic,

It’s a different kind of trade than Steve Yzerman has made thus far as general manager in Detroit — before Friday, the only time he had traded a draft pick (outside of draft-day moves up and down the board) was his first player trade as Red Wings GM when he flipped a fourth-round pick for Adam Erne in August 2019.

That he did so for Leddy, a 30-year-old defenseman with one year remaining on his contract, leaves plenty to unpack, so let’s dive in.

Leddy fills an obvious need on the left side of Detroit’s blue line, where only Danny DeKeyser and Dennis Cholowski are under contract for next season, as well as on the power play. Leddy is coming off a season in which he played a major role for the semifinalist Islanders, logging more than 21 minutes, 30 seconds per game (second highest on the team) and scoring 31 points to lead all Islanders defensemen.

That scoring total would have led all Red Wings players last season, and that kind of workload on a team that took the Stanley Cup champion Lightning to seven games in the semifinals is an indicator that his points don’t come at a costly even-strength price. The Islanders did give up nearly 54 percent of shot attempts with Leddy on the ice last season at five-on-five, according to Evolving Hockey, but in terms of actual shot quality, he fared much better: His expected goals for percentage clocked in at 51.2 percent. That’s below the Islanders’ team xGF percentage, but a solid number nonetheless, considering his workload.

On the power play, Leddy gives the Red Wings an experienced left-hander to run things up top, something they lacked last season.

It’s early in the offseason, with signings (and possibly more trades) still to come but as it stands, Leddy could be a natural veteran fit next to right-handed defenseman Moritz Seider — Detroit’s top prospect who is expected to debut next season. Leddy has 11 years of NHL experience, with much of that experience coming on winning teams, including a championship with the Blackhawks in 2012-13.

more (paid)

Posted by Paul from Motown Area on 07/17/21 at 05:26 AM ET

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Welcome to Abel to Yzerman, a Red Wing blog since 1977.  No other site on the internet has better-researched, fact-laden and better prepared discussions than A2Y.  Re-phrase: we do little research, find facts and stats highly overrated and claim little to no preparation.  There are 19 readers of A2Y. No more, no less. All of them, except maybe one, are juvenile in nature.  Reminding them of that in the comment section will only encourage them to prove that. Your suggestions and critiques are welcome: wphoulihan@gmail.com