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The post Red Wings Will Have Favorable Cap Position Next Summer (+) appeared first on Detroit Hockey Now.

NHL Commissioner Gary Bettman delivered good news at the Board of Governors meeting Wednesday by saying next season’s salary cap is expected to rise by up to $4.5 million. With the salary cap currently at $83.5 million, the preliminary cap projection has it landing at between $87-88 million.

Bettman stressed the numbers are very, very preliminary.

This is important news for teams because the salary cap, due to the COVID-19 complications, has only grown by a total of $4 million since 2018-19.

This is also good news for the Red Wings who have Moritz Seider, Michael Rasmussen and Lucas Raymond to re-sign next summer.  David Perron is the highest profile unrestricted free agent. According to capfriendly.com, the Red Wings only have 12 players signed for next season. With the expected increase in the salary cap, the Red Wings will have about $30 million in salary cap space to put their roster together.

Red Wings Next Game

Detroit plays in Toronto against the Atlantic Division rival Maple Leafs at 7 p.m. The Red Wings beat the Pittsburgh Penguins 2-1 in Pittsburgh Wednesday night. Former Red Wings goalie Alex Nedeljkovic was in Pittsburgh’s net. Rookie Simon Edvinsson scored the game-winner. On Thursday, the Red Wings  released former NHLer Artem Anisimov from his tryout agreement.

A pretty Swede goal from Simon Edvinsson! pic.twitter.com/vmIicGfvBi

— Detroit Red Wings (@DetroitRedWings) October 5, 2023

Red Wings In Case You Missed It

• Detroit Red Wings prospect Dmitri Buchelnikov  moving to a different team in the KHL.
• Red Wings defenseman Jeff Petry brings a low-key approach to the start of hisi first season in Detroit.
• Joe Veleno’s goal this season is to be a better all-around player this season. He believes that will increase his scoring numbers.

Hockey Now Network

Boston: Jimmy Murphy writes that the Boston Bruins have discovered some intriguing center candidates in their rookie class.

Chicago: Connor Bedard boasts five points in three games. What do those mean? Nate Brown looks at Bedard’s preseason. Chicago Blackhawks.

Colorado: Should the Avalanche be concerned about the Pavel Francouz injury situation? Should they be shopping for another backup? Colorado Avalanche

Philadelphia: Sam Carchidi writes that Joel Farabee is starting to look like his old self for the Philadelphia Flyers. 

Washington: Goalie Darcy Kuemper looked a bit rusty in his preseason debut. Washington Capitals.

The post The Daily: Salary Cap Rising $4 Million in ’24; Do Avs Need Goalie? appeared first on Detroit Hockey Now.

Boston Hockey Now reports the Boston Bruins have joined the growing list of NHL teams kicking the tires on possible trades for a defenseman.

Are the Bruins engaging in trade talks for Arizona defenseman Jakob Chychrun?

BHN’s Jimmy Murphy quoted an unnamed NHL team executive saying: “I think depending on their health in the coming weeks or months, (Matt) Grzelcyk or (Brandon) Carlo could be in play for a guy like Chychrun. Can you imagine a (Bruins) left side with – say they don’t trade Grzelcyk – (Hampus) Lindholm, Chychrun and him down the left?”

But Murphy says the team’s most pressing need is a right-shot defenseman. When the Bruins beat the Coyotes 6-3, they only had one natural right-shot defenseman. They now also have right-shot defenseman Anton Stralman, but Murphy said the Bruins defense was a “hot mess” in a 7-5 loss to the Ottawa Senators.

Murphy’s report after TSN’s Darren Dreger said that a growing list of Canadian teams are looking for help on defense, although they may not be willing to pay the price for Chychrun. They are all looking at all of their options.

In Case You Missed It

Rookie goalie Sebastian Cossa won his first American Hockey League when the Grand Rapids Griffins downed the Milwaukee Admirals, 3-2. Cossa bested Nashville Prospects goalie prospect Yaroslav Askarov.

Red Wings forward Jakub Vrana has entered the NHL/NHLPA Assistance Program. He will be out indefinitely.

Oskar Sundqvist is a bundle of laughs in the dressing room and he’s all business on the ice.

Five things you should know about the Grand Rapids Griffins.

Hockey Now Network

Colorado: Defending champion Avalanche must deal with life without Gabriel Landeskog. He will be gone three months. Colorado Avalanche.

Florida: Panthers prepare for life without defenseman injured Aaron Ekblad. Florida Panthers.

Montreal: Could Florida Panthers’ injury woes benefit the Canadiens? Montreal Canadiens.

New York: Stefen Rosner reports that the Fisherman jersey is back with the Islanders. Is it better than before? New York Islanders. 

Philadelphia: Sam Carchidi offers five observations about the Flyers’ 4-3 loss to the Florida Panthers. Philadelphia Flyers.

San Jose: Coach David Quinn believes in the Sharks, but SJHN writer Sheng Peng wonders whether the Sharks believe in themselves. San Jose Sharks. 

Washington: The Capitals promoted Lars Eller to the top line. Coach Peter Laviolette is shaking up the defense. The moves were made after Connor Brown was injured and Evgeny Kuznetsov was suspended. Washington Capitals. 

The post The Daily: Bruins Seek D Man Deal? Can Avs Cope With Landeskog Loss? appeared first on Detroit Hockey Now.

In the NHL where 20 teams have less than $3 million salary cap remaining, the Detroit Red Wings will start the season with more than $13 million in salary cap space.

The Red Wings have $14.2 million remaining with only Givani Smith still to sign, according to CapFriendly.com. Only the Ottawa Senators and Buffalo Sabres have more cap space than the Red Wings. The Sabres have $23.6 million and the Senators are at $24.5 million with Brady Tkachuk still to sign

What’s remarkable is that Yzerman, at least on paper, significantly improved his team this offseason with the acquisitions of center Pius Suter, goalie Alex Nedeljkovic and defenseman Nick Leddy. He spent more than $11 million on those three players and that could not have been predicted. He also left room for prize prospect defenseman Moritz Seider.

Detroit’s cap space outlook gives Red Wings general manager Steve Yzerman plenty of room to maneuver in-season, particularly around the trade deadline when teams will try to create cap space to make deals.  Eleven NHL teams have zero cap space remaining heading into the start of the season.

Yzerman also has $24.3 million coming off his cap next summer. That list does include Nick Leddy and Robby Fabbri.

In evaluating how Yzerman has managed his salary cap, it’s hard to find any fault with his strategy.

The post Yzerman Spent More than Expected And Still Has $14.2 Million in Cap Space appeared first on Detroit Hockey Now.

Detroit Red Wings general manager Steve Yzerman bought a No. 2 center, a starting goalie and a puck moving defenseman and still has plenty of cap space left.

CapFriendly.com still shows the Red Wings with an NHL-leading $25.75 million in cap space remaining. However, the figure is misleading because they have four restricted free agents still to sign.

The Red Wings could have between $13 million and $13.75 million in cap space when everyone is signed. Cap space is valuable, given the vast majority of teams in the NHL are tight against the cap.

Here is a capsule look at Red Wings’ situation

As of today:  Nineteen players of the 23-person preliminary roster are signed.

Restricted free agents still to sign: Jakub Vrana, Adam Erne, Filip Hronek and Givani Smith.

Detroit Hockey Now’s Estimate salary cost for RFAs: About $11.4 million. That presumes none of the players receive a long-term deal. If the Red Wings tie up Vrana long-term it could increase the salary cap hit by up to $2 million.

Other additions:  Our preliminary roster includes Moritz Seider because it is likely he will play in Detroit this season. The roster isn’t including Joe Veleno or Lucas Raymond or Wyatt Newpower who are signed but still must make the team.

Red Wings future cap status: Frans Nielsen, Robby Fabbri, Vladislav Namestnikov, Sam Gagner, Danny DeKeyser,  Nick Leddy, Troy Stecher and Marc Staal have contracts that are expiring after this season. Their current contracts total $25.1 milion potentially coming off the books, although presently Fabbri seems like a priority to resign.

The post Red Wings Have Plenty of Cap Space After Yzerman’s Offseason Shopping appeared first on Detroit Hockey Now.