Lightning and Capitals make significant trades on 2nd day of NHL draft - Hockey (2024)

Lightning and Capitals make significant trades on 2nd day of NHL draft - Hockey (1)

Photo: The Canadian Press

It is retooling time around the NHL before the start of free agency, and a handful of teams in the Eastern Conference used the second day of the draft to shake up their roster for next season and beyond.

The Tampa Bay Lightning and Washington Capitals were the most active, each making two significant trades, while the Toronto Maple Leafs made one that might look minor on paper but could have a major impact on the next few chases for the Stanley Cup.

Tampa Bay sent two-time Stanley Cup-winning defenseman Mikhail Sergachev to Utah and depth forward Tanner Jeannot to Los Angeles in moves that cleared more than $11 million in salary cap space.

“We started the day with little cap space to improve our team," said general manager Julien BriseBois, who added the money will not immediately go to Steven Stamkos as the captain and longtime face of the franchise is expected to test free agency. “We got younger, and we now have a war chest of cap space to go out and improve our team in free agency.”

The Lightning got 24-year-old defenseman J.J. Moser, along with forward prospect Conor Geekie and two draft picks for Sergachev, who was signed through 2031 making $8.5 million annually. A 2025 second-rounder and a fourth this year allows Tampa Bay to restock its prospect pool after making eight consecutive playoff appearances, winning two titles and reaching the final three times.

That contending window remains wide open, and general manage Julien BriseBois now has flexibility to retool on the fly with free agency opening Monday. The Lightning now have the opportunity to pursue one or more of the top wingers available, a group that includes Jake Guentzel, Patrick Kane and Jonathan Marchessault.

“The hope is that this newfound cap space, our favorable taxation situation, the opportunity to be on a competitive team and to play with some great players should make us an appealing destination when free agents have to make decisions on where to sign come July 1,” BriseBois said.

The Capitals already did their big-name hunting last week by acquiring highly paid center Pierre-Luc Dubois from the Kings for goaltender Darcy Kuemper. On Saturday, they filled that void in net by acquiring Logan Thompson from host Vegas for a pair of third-round picks.

GM Brian MacLellan called it “an opportunity to get a good goalie with some upside.” Thompson figures to split time with Charlie Lindgren in a tandem costing less than $2 million total next season, with a year left on each goalie's contract.

“It’s below the (league) minimum, even,” MacLellan said, referring to Thompson's $767,000 salary. “There’s value there just from the contract — and given the skill he has to play.”

Thompson, 27, was an All-Star and played 37 games for the Golden Knights during their 2022-23 championship run before getting injured before the playoffs.

“I got a lot more that I can prove in this league and I’m hoping that I get that opportunity with Washington,” said Thompson, who was in bed when he was informed of the trade and hurried to the Sphere for a previously scheduled autograph signing. “Actually, it was a good alarm clock. I woke up to that and then obviously get ready and come down, and I knew it was going to be an interesting day.”

Long before getting his name engraved on the Stanley Cup, Thompson got his first foray into the NHL Capitals development camp in the summer of 2018. He played for Washington at back-to-back prospect showcases, went to training camp with the American Hockey League's Hershey Bears in 2019, starred for the ECHL's South Carolina and earned his first contract as a result.

“I’m thankful for the Washington goalie department every day," Thompson told The Associated Press at 2023 All-Star Weekend. "They’re the reason why I’m here. They’re the only team that gave me a chance three years ago. If it wasn’t for them, I wouldn’t be here today.”

Washington also traded fourth-line winger Beck Malenstyn to Buffalo for the 43rd pick and traded up in the third round to select Ilya Protas, the younger brother of Capitals forward Aliaksei Protas. Malenstyn, 26, is a restricted free agent with arbitration rights who had 21 points in 81 games during his first full NHL season and gives the Sabres Buffalo valuable forward depth as they try to end the league’s longest playoff drought.

Looking to end the longest Stanley Cup drought, the Toronto Maple Leafs took a step toward upgrading their defense by acquiring the rights to pending free agent Chris Tanev from Dallas for a 2026 seventh-round pick. The trade gives Toronto the first crack at signing the valuable 34-year-old top-four defenseman.

“We wanted to jump the queue here as best we could and get to him before free agency started, so that’s what we’re going to do,” GM Brad Treliving said. “We’ll get to work on it now, at least excited to have an opportunity to speak directly with him and see if we can put something together.”

Treliving, who signed Tanev as a free agent when he was running the Calgary Flames, called the shot-blocking fiend “an elite defensive player” and “an absolute warrior.”

Vegas moved quickly to replenish goalie depth by acquiring Akira Schmid from New Jersey along with young forward Alexander Holtz in a trade that sent Paul Cotter and a third-rounder to the Devils.

Among the other moves, St. Louis traded Kevin Hayes and a '25 second-rounder to Pittsburgh for future considerations to shed the remainder of the his contract, and Boston sent Jakob Lauko to Minnesota for Vinni Lettieri in a swap of centers that also involved draft picks.

The Sabres after getting Malenstyn began the process of buying out the contract of forward Jeff Skinner, GM Kevyn Adams confirmed at the conclusion of the draft. The buyout saves Buffalo $7.5 million next season while spreading out money owed to Skinner against the cap through 2030.

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AP Hockey Writer John Wawrow and freelance writer W.G. Ramirez in Las Vegas contributed.

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AP NHL: https://apnews.com/hub/nhl

Lightning and Capitals make significant trades on 2nd day of NHL draft - Hockey (2024)

FAQs

Who did the Capitals get in the draft? ›

Washington drafted Petr Sikora In the sixth round. Sikora had 40 points including 13 goals for the Czechia Under-20 champions, the HC Ocelái Tinec. With their final pick of the 2024 draft, the Caps selected Miroslav Satan. The forward is the son of 14-year NHL veteran Miroslav Satan.

What's an offer sheet in NHL? ›

NHL. In the National Hockey League, an offer sheet is a contract offered to a restricted free agent by a team other than the one for which he played during the prior season.

What are future considerations? ›

Definition: Future consideration is something that will be given or received in the future as part of a contract or agreement. It is a promise to do something or to provide something at a later time. Example: A company promises to pay an employee a bonus at the end of the year if they meet certain performance goals.

Who was the first player taken in the draft? ›

The first-ever Heisman Trophy winner, Jay Berwanger from the University of Chicago, was the first player ever taken in an NFL draft.

Who did the Kraken draft? ›

Berkly Catton was drafted into the Kraken organization Friday, the No. 8 pick in the NHL Entry Draft.

Do NHL draft picks get signing bonuses? ›

The NHL's entry-level contract

Fortunately, teams usually complement this maximum salary with signing and performance bonuses. Signing bonuses may not exceed 10% of the total contract, and performance bonuses must not exceed $3.5 million.

Can an NHL player decline an offer sheet? ›

If the player did not allow the original team to match, his new club would begin the equalization process with his original team. If given the option to match, a team received no compensation if it declined. Original team was permitted to match the offer sheet.

How much is an NHL signing bonus? ›

Entry-level contracts can include signing, games played, and performance bonuses: Signing bonuses may not exceed 10 percent of the contract's total salary compensation, and is fully guaranteed regardless of where the player is playing (NHL, AHL, etc.).

Can NHL teams trade cash? ›

Including cash in trades is still prohibited, but teams may retain part of a traded player's salary to ease the cap burden on the acquiring team.

What does future consideration mean in trade? ›

Future considerations is the minimum modicum to satisfy the trade requirements. Many times it just means they will swap conditional draft picks or something else of negligible value. The most notable one is probably when Kris Draper was traded this way for what eventually turned out to be a dollar.

What is a trade in hockey? ›

In professional sports within the United States and Canada, a trade is a sports league transaction between sports clubs involving the exchange of player rights from one team to another.

Who came up with the NFL draft? ›

It All Began in the 1930s

On may 19, 1935, the league owners adopted a plan for a college player draft. Proposed by Bert Bell, the Eagles owner and future NFL commissioner, the plan called for teams to select players in inverse order of their finish the previous season.

Who did the Titans draft? ›

Titans Reach Deal With First-Round Pick JC Latham.

Who was the 1st pick in the 2002 draft? ›

Yao Ming was selected 1st overall by the Houston Rockets.

Who all was in the 2003 draft? ›

Complete Draft History : 2003
PickPlayer
Year#Player
20031LeBron James
20032Darko Milicic
20033Carmelo Anthony
40 more rows

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