Confirmed with Link: [NJD/FLA] Marc Savard and 2018 2nd rounder for Paul Thompson and Graham Black

[NJDevs26]

I would be rather surprised and very disappointed if we use this pick. This needs to be packaged back out.

Well it's a 2018 pick so I doubt anything happens with it for the forseeable future. It's entirely possible it gets used as bait at next year's deadline (or before that at next year's draft) assuming by then we're in position to make a push. If they're going to trade picks at the draft this year it's going to be from this year or next year's draft in all likelihood.

Great, shows Shero is actively pursuing this market opportunity and the Devils still have a ton of room.

Agreed, there's no downside to this trade at all and no real fear of us getting to the cap celing even if we somehow trade for Datsyuk's cap hit AND sign a big FA up front along with doing this. I have to admit I forgot Savard's cap hit was still a thing, or that he was on Florida. And I'm stunned they're actually in position where they have to shed his cap number since they've never been a cap celing team.

^There really was no "trade", the Devils paid $4M for a 2nd round draft pick and camouflaged it with 2 bags of pucks. Interesting concept to consider the monetary value of a draft pick.

This is great for the Devils, but frankly I'd like to see the NHL prohibit the shenanigan of monetizing NHL draft picks.

Well the horse is out of the barn on that one since it's been done before (and in a negative way for us with the Malakhov trade), at least this time the NHL didn't close the loophole when we benefitted from it

(well assuming they actually allow the trade anyway, given the recent past who knows )

 

[Brodeur]

^There really was no "trade", the Devils paid $4M for a 2nd round draft pick and camouflaged it with 2 bags of pucks. Interesting concept to consider the monetary value of a draft pick.

This is great for the Devils, but frankly I'd like to see the NHL prohibit the shenanigan of monetizing NHL draft picks.

4 mil cap hit, 575k actual salary and as I understood it, insurance will cover that. Kinda curious why Florida did this (or at least didn't wait until later in the offseason). Guy on the main board said that Florida has 1.42 mil of bonus overages that will carry against next year's cap. Plus they're expected to buy out Bolland which will go immediately against the cap.

But still, the timing seems a bit off.

 

[Emperoreddy]

I don't know how many truly big free agents there are to be had to begin with. The premium guys are going to prefer contenders unless we drastically overpaid.

Savard only carries a 4 mil cap hit and you're allowed to go 10% over the cap during the offseason. Taking on Savard doesn't necessarily hinder your ability to make competitive offers. Savard's going on LTIR anyways.

It's a nice trade chip to have. If we're hopefully in the hunt for the playoffs next season, we could use that (or a comparable pick) towards a deadline pickup. Similar to how we gave up a first rounder to San Jose to dump Malakhov. Several months later they used that pick to rent Bill Guerin for the playoffs.

Difference was that was a 1st rounder in the following year's draft. This is a 2nd two years later. It's value on today's trade market or even this year's deadline is questionable.

I do wonder why Florida even bothered unless they have an internal cap to deal with and needed to save some real dollars.

 

[Devils731]

Difference was that was a 1st rounder in the following year's draft. This is a 2nd two years later. It's value on today's trade market or even this year's deadline is questionable.

I do wonder why Florida even bothered unless they have an internal cap to deal with and needed to save some real dollars.

It's only $575,000 real dollars even if Savard played.

 

[VoidCreature]

4 mil cap hit, 575k actual salary and as I understood it, insurance will cover that. Kinda curious why Florida did this (or at least didn't wait until later in the offseason). Guy on the main board said that Florida has 1.42 mil of bonus overages that will carry against next year's cap. Plus they're expected to buy out Bolland which will go immediately against the cap.

But still, the timing seems a bit off.

How is the timing off? This is the time of year when deals like this get made. I don't know if we should read more into it than we had the opportunity to acquire another pick and we took it.

 

[Emperoreddy]

It's only $575,000 real dollars even if Savard played.

So why bother? It doesn't seem they really needed the space since they could just LTIR him.

This also sets the market for these kind of trades this offseason and means the value isn't very good.

 

[Brodeur]

Difference was that was a 1st rounder in the following year's draft. This is a 2nd two years later. It's value on today's trade market or even this year's deadline is questionable.

I do wonder why Florida even bothered unless they have an internal cap to deal with and needed to save some real dollars.

Yeah, the market for this sort of deal has changed. Pronger was more or less a throw in to the Gagner/Grossmann deal last year. In 2007, not a ton of teams were equipped to eat Malakhov's 3.6 million. Now there's at least a handful of teams that could take on Savard.

Having an extra 2018 2nd rounder might make it a little more palatable to move one of our 2017 2nds if that's the cost of acquiring somebody at the deadline.

 

[NJDevs26]

How is the timing off? This is the time of year when deals like this get made. I don't know if we should read more into it than we had the opportunity to acquire another pick and we took it.

I think he means what was Florida's motivation to get this deal done? If nothing else it seems like they're clearing the decks for a spending spree this offseason which is rare for them.

 

[VoidCreature]

So why bother? It doesn't seem they really needed the space since they could just LTIR him.

This also sets the market for these kind of trades this offseason and means the value isn't very good.

Good for us. I think we're gonna cash in big this year on all that cap space we have, and not by signing free agents.

 

[Emperoreddy]

Good for us. I think we're gonna cash in big this year on all that cap space we have, and not by signing free agents.

Honestly this trade kind of damps that idea. If the value for dumping $4 million while getting two warm bodies in return is a 2nd in 2018, we aren't going to get anything that will be of much help to the current team.

 

[VoidCreature]

Honestly this trade kind of damps that idea. If the value for dumping $4 million while getting two warm bodies in return is a 2nd in 2018, we aren't going to get anything that will be of much help to the current team.

A contract that can be put on LTIR nets a second round pick. Sounds like a pretty good return to me.

 

[thethinglonger]

I probably shouldn't ask, but I assume this was part of the offseason plan for Shero, Devilswede?

 

[RememberTheName]

Good for us. I think we're gonna cash in big this year on all that cap space we have, and not by signing free agents.

Yep. A bunch of one year contracts that we could snatch like Bickell, Datsyuk, and Carle. I think that this will be a good offseason for New Jersey, especially with the cap potentially going down

 

[Brodeur]

How is the timing off? This is the time of year when deals like this get made. I don't know if we should read more into it than we had the opportunity to acquire another pick and we took it.

Teams can go 10% over the cap during the offseason. So it seems like they're carving out cap space for some pending moves (extending Trochek/Campbell seems to be the word).

After the trade, they have 20 mil in cap space according to GeneralFanager. Trochek/Campbell/backup goalie and Bolland's buyout doesn't add up to 20 mil. Typically you do this sort of move if you're up against the cap, but they seem to have a decent amount of space.

At least for me, it seems like the sort of thing that wasn't super urgent. They aren't saving much/anything in real money by dealing Savard, they're just unloading his cap hit.

Philly dumping Pronger and Boston dumping Savard last year made sense since those teams were near the cap and LTIR contracts count during the summer. But unless I'm missing something, Florida isn't. With Savard, they would have had ~16 mil in cap space which seems like ample room for Trocheck/Campbell. Florida beat writer mentioned that they will likely be looking to add another D (probably somebody to replace Mitchell/Gudbranson).

Maybe they didn't want to lose us as a potential trade partner?

 

[Bleedred]

Wish the pick was sooner, otherwise I have no problems with it.

Thompson is like a 32 year old career minor leaguer that has no chance in hell of ever being an NHL player. He's not even that special of an AHL player, outside of his fluke 14-15 season that was not preceded nor repeated.

Graham Black will never be an NHL player, I remember laughing when people threw around his name as one of our exciting forward prospects. Though I'm surprised there hasn't been one person at least complaining that we traded him away yet.

 

[Devilsgrl35]

Never a bad thing accumulating high draft picks. Nice job Shero. Wouldn't mind seeing more of these types of trades.

 

[Emperoreddy]

We are still $9 million under the floor. That is just insane.

 

[Bleedred]

Next up Datsyuk!

 

[Emperoreddy]

A contract that can be put on LTIR nets a second round pick. Sounds like a pretty good return to me.

Just makes me question what the market is for takings on Dats or Bickell is now, but both of them are going to be real dollars.

 

[FooteBahl]

Praying for panther suckage in 2017-2018 season

 

[FooteBahl]

Next up Datsyuk!

Why the heck not. Take bickell while we're at it. Can't we go over the cap by $4 million because of Clowe too?

 

[Billdo]

Never a bad thing accumulating high draft picks. Nice job Shero. Wouldn't mind seeing more of these types of trades.

Eh, it's not that high. For all we know Florida could be a solid team netting us a pick in the 50s, they could however be awful and give us a pick in the 30s. Still pretty solid looking at it that way.

 

[RememberTheName]

Just makes me question what the market is for takings on Dats or Bickell is now, but both of them are going to be real dollars.

Probably picks this year/players/prospects
Bickell would probably 2nd/3rd +someone like McNeil
Datsyuk would probably 2nd/3rd + B- prospect

 

[FooteBahl]

Just makes me question what the market is for takings on Dats or Bickell is now, but both of them are going to be real dollars.

I don't think Dats would cost any real dollars. bickell yes

 

[Devilsgrl35]

Eh, it's not that high. For all we know Florida could be a solid team netting us a pick in the 50s, they could however be awful and give us a pick in the 30s. Still pretty solid looking at it that way.

I consider 2nd rounders to be high. That's just me though. They definitely have value when trades are made.