In today’s NHL Rumor Mill: the latest Canadiens speculation plus a look at why the Jets didn’t opt for a rebuild during the offseason.
LATEST ON THE CANADIENS
MONTREAL HOCKEY NOW: Marco D’Amico recently noted that the Canadiens’ early-season injury woes provide them with an advantage in salary cap space.
The Canadiens have $15 million in relief space with Carey Price and Christian Dvorak on long-term injury reserve. Dvorak is expected to return to action in November but Kirby Dach’s season-ending knee injury would still ensure they have over $13 million in cap relief once Dach is placed on LTIR. Defenseman Chris Wideman is also out indefinitely and can also be placed on LTIR.
D’Amico suggests the Canadiens could use this wiggle room to help teams shed some salary, like the Vancouver Canucks, Columbus Blue Jackets, Washington Capitals and Ottawa Senators. He noted that the Canucks’ Conor Garland, the Blue Jackets’ Adam Boqvist, the Capitals’ Anthony Mantha and the Senators’ Mathieu Joseph are all currently on the trade block.
SPECTOR’S NOTE: If Canadiens general manager Kent Hughes was inclined to help those clubs directly or as a third-party broker he’ll want them to include a draft pick or prospect as part of the return.
Hughes could keep his powder dry for now as he accrues cap space over the course of the season. Making an early-season move might bite into that when he could be in a good position to get a better return closer to the March 8 trade deadline.
THE FOURTH PERIOD: Dave Pagnotta recently noted the Canadiens recalled Joel Armia from their AHL affiliate in Laval. He pointed out that they attempted to trade the 30-year-old forward during the offseason and re-engaged in trade talks last week. Armia has a year remaining on his contract with an average annual value of $3.4 million.
SPECTOR’S NOTE: Armia also lacks no-trade protection so the Canadiens can send him anywhere if they find a trade partner. His cap hit is difficult to move this early in the season with so many teams pressed against the $83.5 million ceiling.
Nevertheless, they could try to sweeten the deal by retaining part of his cap hit. They’re already retaining salary on Joel Edmundson and Jeff Petry for this season but have one retention spot left.
There’s a rumor flying around suggesting that the Canadiens could use Armia as a trade chip to broker a deal that would involve sending Vancouver Canucks winger Conor Garland to another NHL club. The Habs were a third-party broker in the August trade that sent Erik Karlsson from the San Jose Sharks to the Pittsburgh Penguins.
WHY DIDN’T THE JETS REBUILD THIS SUMMER?
TSN: Darren Dreger reported Winnipeg Jets co-owner Mark Chipman explained why his club opted to re-sign Connor Hellebuyck and Mark Scheifele rather than start rebuilding the roster this summer.
Chipman talked about how long it would take to stage a rebuild as well as the cost. Dreger indicated that it was decided that the market couldn’t sustain a historic rebuild and instead is investing in the here and now.
SPECTOR’S NOTE: That doesn’t bode well for the Jets’ long-term future unless they can draft and develop young players who transition well into their lineup. Enticing veteran talent via free agency or acquiring it via trade could prove difficult.
They’ll eventually need replacements for Hellebuyck and Scheifele when their skills inevitably decline in the coming years. Having both players under expensive long-term contracts will still take a big bite out of their cap space even with the cap rising significantly in the coming years.
The Jets seem to be hoping that their fans will return if the team plays better. If they don’t improve, however, their supporters could have less incentive to show up. In addition, the high cost of attending NHL games in the league’s smallest market is bumping up against the rising cost of living. If that cost remains high while the on-ice product stagnates, the Jets could be in a world of hurt in a few years.