New word on Seto, he got one year, $1.8M.  That’s better than we had hoped for, and in line with what Doug said. This is another incarnation of the Ryane Clowe situation from a couple of years ago- we’re not sure if you can take this to the next level, so we’ll give you one year, retain your RFA rights, and see what you can do.  There’s no reason to lock up a guy as inconsistent as Seto has been the last year.  He scored 31 goals two years ago (on a line with Jumbo) but last year, only 20.  Doug Wilson has made two statements in the last week that crystallize his philosophy on this kind of thing.  About Joe: “we want to create an environment where people want to stay,” and about Seto: “we have very high expectations.”  Translation?  You play well this year, meat, and show us you’re a top 6 forward all the time, and we will reward you next year.  Could it be a sign-and-trade like the next guy?  I doubt it.

Second good news- the Ducks trade their second best defenseman, James Wisniewski, who just got a $3.25M arbitration award contract, to the Islanders for a third round pick.  My first reaction- what a terrible deal for the Ducks.  Makes me happy.  I read Sleek’s post, and at least according to him, it’s about cash.  But to me, you don’t give up your second best defensemen for a third round pick.  Stupid.  Now, after Visnovsky, the obvious #1, they have Toni Lydman, Luca Sbisa, Sheldon Brookbank, Brendan Mikkelson, and Danny Syvret.  Think about that the next time you are bitching about the Sharks’ blue line.  Bob Murray may be the best thing to happen to San Jose hockey in a long time.

The one loss is that Antti Niemi got a much lower arbitration award than we had hoped for- only $2.75M.  This is probably low enough for the Hawks to do some more shuffling and fit him in somewhere under the cap.  There’s little doubt that Huet and his $5M+ contract will be dumped in the minors this year, even if Niemi isn’t re-signed.  There’s just no way for the Hawks to afford him, and can you say Huet will really be much better than a minor leaguer?  The Hawks dodged a big bullet here- I though $4M was too much to wish for but over $3M was certainly in the cards.

The fourth piece of news is less polarizing – a two year, $2.5M extension for Jason Demers starting next year.  He will still make $543k this year.  Demers looks like a good young defensemen, one that hopefully will be a bargain a $1.25M a year from now.  But it’s uncertain.  I like Demers, hope he continues to improve, and this contract is movable if he doesn’t fit into the plans.  It’s a safe signing, and not bad for the Sharks, so I call it a small win.

The Dudes tackle this week of scant Sharks news with aplomb, and knock out Steven Zalewski, Alex Ponikarovsky, Alex Frolov, and several listener emails.  Then Mike and Doug try and guess who might be this year’s “Manny Malhotra”, and finish up with an entirely new idea, hopefully listeners will join in!

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Now that the Kovy deal has been rejected, and no better description of the NHL’s flip-floppery exists than here, on Deadspin of all places, it’s basically impossible to predict what will happen next.  But my money is on the Devils  restructuring the deal slightly so that the NHL cap guys only chuckle to themselves instead of blow coffee out of their noses.  That appears to be the test that these contracts are subjected to.  A quirky smile means A-OK (Franzen, Ohlund), a girlish giggle will pass (Luongo, Zetterburg), and even a hearty laugh will squeak by (Pronger, Hossa, Lecavalier, Savard).  But a snarf on the keyboard?  Get that $%^! out of here.  As always, behindthenet puts the numbers behind the laughter quotient.

One interesting consequence of these contracts is what it does to the escrow situation, an obscure provision of the CBA, but one that affects all players.  For the ultra-mathy, dig deep into the details with this post by Tyler Dellow, but let me give you the quick-and-dirty.  The salary cap is a hard one- the owners will pay exactly 57% of revenues to the players this season.  However, they don’t know what the actual revenues will be until the season is over, so they do some estimations, and hold back a portion of every player’s salary in escrow accounts.  But here’s the needle- they will pay 57% of the actual salaries, not the cap hits.  So for all of those players that are actually making more than their cap hits (mostly superstars), that drives up the total salary number, which means the escrow withholding is bigger.  And even if the NHL was exactly correct in estimating revenues, the fact that these players made more than their cap hits (calculated based on estimated revenue), that means it’s likely that some or all of that escrow money will go back to the owners.

So the guys that are taking home their cap hit – middle and lower tier players like Scott Nichol – end up with a greater portion of their salary withheld.  These stars are feeding off of the collective, with the idea that they will give back when their salaries eventually are lower than their cap hits.  But we know that these players like Hossa, Luongo, and Kovy will likely retire before they fulfill that part of the contract.  They won’t have to pay the piper at the end, they’ll be on a beach somewhere.  I’ve read some stuff that the escrow number could be as high as 20% under some conditions, and that takes a whole hundred grand off of a guy that’s making the league minimum.  Not cool.

The Dudes were all set to talk about the Kovalchuk contract, but then the NHL goes and rejects it.  Mike and Doug try and figure out why that happened when the Hossa and Keith deals sailed through, and the interesting story of Simon Gagne.  There’s a good listener email about Big Joe, and Doug pulls out another crazy trade.

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So Kovy signs, and not with the Kings, as Doug and I both thought.  Financial details not yet disclosed, but I heard a rumor it’s a 17-year deal, which if true, is ludicrous.  That would mean he’s under contract until he’s 44, which will be right when Chris Chelios is staging another comeback.  Don’t miss the behindthenet take on this, and click other links in that post for background.

Also, Simon Gagne is traded from the Eastern Conference winning Flyers to the Lightning.  They needed to clear cap space so bad they trade a top-6 forward for Matt Walker and a 4th round pick.  And that cap room they freed isn’t really enough to get the goaltender they said they needed on many occasions.  Also they’re paying Michael Leighton $1.6M now, so whoops!

Just found this on the internets a few days ago (I know, I’m late), but it’s funny, and it fits:

Sweet Lou on the left, Dean Lombardi on the right

From Steve Simmons, via Kukla:

We take you now to the front office meeting of the San Jose Sharks, where the determination is made about how to win the Stanley Cup. “I’ve got the answer,” one voice says. “Let’s sign Antero Nittymaki to be our goalie.” There is applause all around. This is, of course, fictional: Or is it? One of the deepest, strongest teams in hockey lost its No. 1 goalie and replaced him with Nittymaki. And this somehow makes them better? There is but one plausible explanation for this: John Ferguson Jr. works for the Sharks. The same man who traded Tuukka Rask for Andrew Raycroft, believed in Justin Pogge and gave up multiple picks for Vesa Toskala. Must be Fergie. Otherwise, can someone please explain what GM Doug Wilson is thinking?

In the immortal words of Will Hunting, that’s a tough one, but I’ll take a shot.  Maybe DW was thinking that it wasn’t too smart to sign a goalie with a mid-20s SV% ranking since the lockout to a multi-year deal worth 5 or more million dollars per year.  Maybe he was thinking that both the Flyers and the Hawks has unproven goalies that weren’t making a lot of money, and yet both made it to the Stanley Cup.  And maybe the scouts (and the GM) were tired of a goalie that made all-world saves in certain situations, but gave up 50-foot wrist shots in others.  That a solid, butterfly style for less money is better than an acrobatic style for more money.  That the real improvement needs to be made on blueline.  Since the trades for Joe Thornton and Dan Boyle happened before JFJ got there, maybe DW is just treating him as another scout- a guy that watches players and evaluates them, making the trade and signing decisions himself.  Nittymaki, after all, didn’t play for Toronto, or even in their division.  If JFJ really had DW in his pocket, wouldn’t the Sharks have traded for Tim Thomas by now?

The honeymoon is over- the Blackhawks matched the offer sheet given to Niklas Hjalmarsson.  And the Dudes break down where this leaves the Sharks, what other free agents they might target, and the current roster and it’s problems.

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In the first of a possible new series, Mike and Doug do a quick take on the Sharks signing Niklas Hjalmarsson to an offer sheet.

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That Cup won't buy you any cigarettes up in here, but we'll take that pretty boy you got.

Sorry I haven’t posted lately, as we’ve said in the podcast, I’ve been out of town, and all the semi-interesting UFA stuff happened before I got back.  This morning, I get the first juicy news since my illustrious homecoming.  The Sharks have signed another difficult-to-spell person that no one expected.  This time, it’s a different Scanadavian country, and a different position- the Blackhawks’ Niklas Hjalmarsson was signed to a 4 year, $14M offer sheet, per Bob MacKenzie.  Hjalmarsson averaged almost 20 minutes of ice time in the #4 hole, behind Duncan Keith, Brent Seabrook, and Brian Campbell.  I would be willing to wager (and I imagine DW does too) that Hjalmarsson would not be in that slot for 28 other teams (Philly possibly the only exception).  Assuming this is true, let’s look at at Hjalmarsson’s RFA options from his perspective:

1. Sign with cash-strapped Chicago for a sizable home town discount, even though they have already lost Kris Versteeg, Brent Sopel, John Madden, and Dustin Byfuglien.
2. Get traded by Chicago to a team that offers the best deal to Stan Bowman, which is essentially a crap shoot.  Look where Byfuglien ended up.
3. Have some control over your future, and sign an offer sheet with a decent team for the kind of money that you are looking for.

Clearly Hjalmarsson chose #3, and who could blame him?  Doug Wilson recognized this, and pounced.  Now Stan Bowman, Chicago’s GM, is between a rock and a hard place.  On one hand, he can retain his excellent young defenseman, but will likely have to trade Patrick Sharp or even more to get under the cap again.  On the other hand, he lets NH go (I’m sick of typing Hjalmarsson), gets a 2011 1st 2nd and 3rd round draft pick in return (per TSN), and is in dire need of a #4, #5, and #6 defensemen.  The draft picks will soften the blow, but keep in mind they come from the Sharks, which will likely be late round picks.  No players are left in the upper twenties that are slam-dunk NHLers.  Those picks could easily end up being Matt Pelech and Marc-Andre Gragnani.

This also asks the question- why didn’t the Sharks do this with with Antti Niemi? It’s a good question, but like many, the answer is money.  I think that the Sharks only budgeted $2M or so for a goaltender, and Niemi would certainly want more than that.  We will find out after Niemi’s salary arbitration.

It’s too early to go into the possible Sharks roster ramifications because Chicago could match the deal, and tomorrow will look just like yesterday.  I’d put the chances of that right at 50-50.  Could this spark another GM feud like the Brian Burke- Kevin Lowe dustup?  Lucky for us, we have the first real taste of drama in the Sharks offseason.

Mike and Doug return from the week off with so much to talk about.  Sharks have a new goaltender, lose a great player, and see many prominent NHLers change teams.  The Dudes being the work of figuring out what all happened, and how this affects the Sharks.

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