Jim Bob
RIP RJ
It will be interesting to see how long we have to wait...
Overheard at the NHL board of governors meetings: Trade chatter, rule changes, playoff expansion?
There was news on the salary cap and the Senators sale. But GMs and other execs had quite a lot else on their mind this year.
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Trade block(ed)
There were a handful of general managers at the board of governors meetings (or "with governor access" as some put it). In conversions with a handful of them, one large theme emerged.
Summed up by one general manager: "It's impossible to get a trade done right now. Nobody can get anything done."
There are a few reasons in-season transactions have been hard to come by. The rash of injuries have put a few teams' plans on hold. The parity in the league is more pronounced than ever before, meaning several teams are nearing Christmas and still don't know what direction they'll go in (for example, the St. Louis Blues). Others are wondering if this is a year to go chasing when so many teams have a chance.
But after conversations with several general managers, the biggest cited reason for the hold-up: the number of teams pressed against the salary cap, which has remained mostly stagnant following the pandemic.
That means teams are waiting as long as possible to get their business done, allowing their cap space to accrue for maximum flexibility. Once we get closer to the March 3 trade deadline, general managers predict things will heat up.
"Might not be busy for you now, but I think you'll be very busy on March 3 this year," one GM said. "There's going to be a lot of players, a lot of teams in the mix."
One trend to watch out for is the reemergence of "third-party brokers," as teams with the luxury of cap space will step up to retain salary on a deal to pick up extra assets. As a reminder, an NHL contract is allowed to have a maximum of two teams retaining salary on it, and that retention is maxed out at 50% per team. Per the CBA, teams can have only three contracts with salary retention at a time.
Teams expected to engage as third-party brokers this season include the Chicago Blackhawks, Montreal Canadiens, Arizona Coyotes, Anaheim Ducks and San Jose Sharks -- all teams building for the future.