NHL Salary Cap Announced, Holmgren Wants to Move Up in the Draft

NHL Salary Cap Announced, Holmgren Wants to Move Up in the Draft

We've all been waiting with bated breath for the announcement of the NHL's 2011-2012 salary cap, primarily to see how much space the Flyers will have in order to sign goalie Ilya Bryzgalov and any of the restricted free agents they'd like to retain. TSN is reporting that the cap will be $64 million, with a floor of $48 million. Last year's cap was $59.4 million, and $64 million represents about the highest anyone was expecting the cap would be.

In other words, good news for the Flyers, who need as much room as possible.

Below, we'll take a look at the implications of the cap number, as well as the Flyers' hopes to move up in this Friday's NHL entry draft.

Frank Seravalli of the Daily News put together a nice contextual look at this year's cap as compared to previous seasons since its application in 2005 (even more interesting is a reminder of what the Flyers paid out before the cap was put in place). In 2011, the salary floor is $9 million more than the 2005 cap. Frank also points out that this season's floor may have a big impact on the market, forcing teams at the bottom to spend up:

It may sound crazy, but the biggest number reported on Monday may be the salary cap floor number. Why? Small market, low budget teams like Florida, who have just $18 million committed in salary for next season, will need to spend at least $30 million just to be cap compliant. They may be willing to take on a little more salary than normal off a team like the Flyers looking to dump.
 
I don't disagree, but I also wonder if the other side of that coin could hurt the Flyers in their attempts to negotiate. With both the cap and the floor increasing, so too could the demands of available, sought after players. Meanwhile, teams unlike the Flyers (ie, against the floor rather than the cap) may want to target a marketable big fish in free agency, and they just got a mandate to get spendy. Could that drive up the price on Bryzgalov?

With that in mind, if the Flyers really want Bryz to be their man, it was a good move to acquire the rights to start the talks before the floor was announced today, as well as having exclusive ability to negotiate through July 1 (including just before the draft day trade festivities). Although no agreement was made during last week's meeting, it seems progress was, and there's no indication that the two sides are far apart.

MOVE ON UP?
Switching gears to the league's other big item this week, Flyers  fans are probably pretty used to the club not having many high picks when the NHL draft gets underway. At present, that is certainly the case in 2011, with the Flyers not set to be on the clock until pick #84, which falls in the third round.

That may change come draft day though. When asked whether he'd want to have a pick in the first two rounds on a conference call on Monday, GM Paul Holmgren gave the obvious answer that anyone would, but he also indicated that the Flyers will try to trade up.

"[We are] drafting at 84 right now and we’d like to move up, absolutely," Holmgren said. "Are we going to be able to? I don’t know, we will see how it goes."

Nothing too earth-shattering here besides the Curtis, but the draft bit dovetails nicely with the salary cap picture. In addition to their need to restock their depleted prospect ranks, the Flyers may also need to clear some cap space this season in order to complete all the signings they're targeting, even with the cap increase.

Homer said he doesn't feel the Flyers are in a position where they have to clear cap space. But, that really depends on the demands of the players they're targeting. If in fact they do "choose" to shed some salary though, one appealing return would be to acquire a draft pick or two, given that they'd add the potential for future depth while also lowering the current salary mark. Of course, in order to do that, they'd have to shed a rostered player and deal with the subsequent hole left behind.

Two of the names you most hear linked to being sent away are Jeff Carter and Kris Versteeg, but while the need for cap space may be real, everything the Flyers have done with respect to these two players to date would indicate they want to keep them in the fold. Carter is a young, talented scorer with a manageable cap hit for the next decade. (I could go on, but I'm assuming most Flyers fans don't need a primer on Carter.) My guess is both sides made that deal in the hopes that Carter will be a career Flyer or close to it. Dealing him would surprise me, but nothing is out of the question after the debaculous end to the team's meek Cup run last month.

The cost of obtaining Versteeg was high (a first and a third), which is important for two reasons. First, it indicates the Flyers really wanted him. Versteeg's a versatile young player who can be chiseled in for 20+ goals per season, and, importantly, he is under contract at less than $3.1 million next season, after which he's still a restricted free agent. His career as a Flyer has been unceremonious so far, but there's been nothing to indicate the team doesn't want him going forward. And there shouldn't be. He's a good player who just turned 25.

The Flyers would also have trouble recouping what they paid for him. A player's value and a team's willingness to pay in picks for him is dependent in large part on the desire of the team trying to get him, which can involve a little desperation at the trade deadline with the playoffs looming, rather than the draft, when there's more time to tinker.

But with the Flyers probably looking to move up and possibly aiming to add some more prospects to their cupboard, it's a safe bet someone will be on the move soon.

It's already been an interesting off-season for the Flyers, but things are about to start moving pretty fast. The team meets with Bryzgalov again tomorrow, and Friday's draft, when many deals will happen league-wide, is looming on Friday. With all of the above forces acting on the Flyers at once, they're bound to be in the headlines a few more times heading into the weekend.

Joel Embiid officially out for rest of season

Joel Embiid officially out for rest of season

MIAMI -- In the end, he played 31 games.

Joel Embiid's rookie season is officially over, the Sixers announced on Wednesday. Embiid has not suited up since Jan. 27 and has missed 17 of the Sixers' last 18 games because of left knee injuries. An MRI taken Monday revealed a bigger meniscus tear than initially diagnosed but significant healing in the bone bruise.

The Sixers have only 23 games remaining and are not in playoff contention, lessening the urgency of Embiid’s return this season. Embiid concludes his rookie season averaging 20.2 points, 7.8 rebounds and 2.45 blocks in just 25.4 minutes per game.

"The assessment of Monday's follow-up MRI of Joel Embiid's left knee appears to reveal that the area affected by the bone bruise has improved significantly, while the previously identified meniscus tear appears more pronounced in this most recent scan," Sixers chief medical director Dr. Jonathan Glashow said in statement released by the team.

Embiid suffered the injury on Jan. 20 against the Trail Blazers, played one game against the Rockets, and has not suited up since then. Last week the Sixers had targeted a return date of March 3 but changed that status changed to "out indefinitely" after Embiid still was experiencing swelling. 

During an MRI taken the night of the injury, the results also revealed Embiid had a slight meniscus tear, which the team did not believe was related to the contusion. 

Prior to the announcement, there was a strong reaction from the fans who were looking for transparency on the big man's status. Embiid expressed his displeasure last Thursday with the way the Sixers managed after he was informed he would miss multiple weeks. 

"I wasn’t too happy with the way it was kind of handled before," Embiid said at the time. "I saw the day-to-day part. I was told that I was going to miss at least two or three weeks. So I wasn’t happy with the way it was handled."  

The following day, president of basketball operations Bryan Colangelo said he would have done things differently. 

"We should have just said 'out indefinitely,' even though the treatment was still day to day," Colangelo said. "But the fact that there was uncertainty, I'll own that." 

Embiid's short NBA career has been marked by injuries from the very start until now. He sat out his first two seasons with foot injuries. This year the Sixers took an ultra-cautious approach to their starred big man. He was placed under a carefully monitored minute restriction (capped at 28) and did not play on both nights of back-to-back games. Embiid reiterated throughout the season that after missing two years, he was exercising patience to benefit his long-term health.

When Embiid was on the court, though, he shined. He made NBA basketball look easy and he had his way at and away from the basket. Embiid did not appear in enough games to qualify him on the leaders' charts, but based on his raw stats he led all rookies in scoring and in rebounds. Teammate Dario Saric is second in both categories but still trailed Embiid by 8.9 points and 1.6 rebounds. 

Embid ranks second among all players in blocks behind Jazz big man Rudy Gobert. In his first 31 games, he recorded nine double-doubles, which is first among rookies even though he has not played in over a month. 

Embiid scored a career-high 33 points on Dec. 18 against the Nets and 14 rebounds on Jan. 14 against the Knicks. He dished five assists in three games and swatted five blocks in two contests. 

The announcement of Embiid's status comes less than one week after Ben Simmons was ruled out for the season. Like Embiid did, Simmons will miss his entire first year with the Sixers. He suffered a Jones fracture in his right foot during training camp. Simmons received a bone marrow injection on Monday speed up the healing. Both Embiid and Simmons are projected to be the centerpieces of the Sixers' future when they return next season. 

Embiid is with the Sixers in Miami. Expect to see him around the team for the remainder of the season as he stays involved to further their team chemistry for the 2017-18 campaign.

While he works toward his return to the court and eyes his next official game months down the road, he will embrace his mantra. 

As he's always done, Embiid will trust the process.

Flyers trade Mark Streit to Lightning for forward Valtteri Filppula, picks

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Flyers trade Mark Streit to Lightning for forward Valtteri Filppula, picks

VOORHEES, N.J. -- Everyone knew there was a good chance the Flyers would try to move Mark Streit at the trade deadline.

What no one expected, however, was that they would trade him to Tampa Bay for a player who is coming back with a salary nearly identical to the one they are losing and has another year left on  his contract.

That's what transpired late Wednesday at the deadline when Streit left to the Lightning in exchange for longtime 32-year-old versatile forward Valtteri Filppula, who will make $5 million next season. He turns 33 later this month.

Streit, whose contract ends this summer, was making $5.25 million. Because Filppula, who spent eight years in the Detroit Red Wings organization, had a no movement clause, he has to be protected this summer in the NHL expansion draft.

The Flyers will reportedly retain 4.7 percent of Streit's salary, according to ESPN's Pierre LeBrun.

The Flyers also received a 4th round pick and conditional 7th round pick.

Filppula will add scoring on the wing, but he has had declining numbers since joining Tampa in 2013-14 when he posted a career-high 25 goals and career-high 58 points.

Streit had a no movement clause in his contract, but also had 10 clubs he could be traded to and this was one of them. Flyers general manager Ron Hextall has had a working relationship with Tampa GM Steve Yzerman in the past with the Braydon Coburn trade that brought them Radko Gudas.

Weal to the Phantoms
The Flyers have loaned Jordan Weal to the Phantoms to make him available for the AHL playoffs.

More coming...