Next Year with Petersen Buried

Created by: ricochetii

Team: 2023-24 Los Angeles Kings

Initial Creation Date: Feb. 27, 2023

Published: Feb. 27, 2023

Salary Cap Mode: Basic

Legend

Left Handed

Original Team

Waivers Exempt

Right Handed

Position

Trade Clause

Max Perf. Bonus

Expiry Status

Term Remaining

McDavid, Connor

$12,500,000 ( Performance Bonus

$250,000)

NMC

UFA - 5

Description

This is LA's approximate cap situation for next season if they hold onto Petersen and sign another $2M goaltender.
Assuming RFA's accept qualifying offers aside from Vilardi who will likely be $3M-ish (or more) with arbitration rights. (Some qualifying offers will be 5-10% higher than shown here as well.)
Assuming a $2M goaltender addition instead of playing Petersen next season.

Debate was whether LA can afford to keep Petersen buried and buy him out the following season.
Technically possible, but would be restrictive even assuming no substantial RFA raises outside of Vilardi and minimal investment in a second goaltender.

Petersen also has a 10 team no-trade list, making moving him more difficult.
Would it take a 1st to convince a team to take him and buy him out immediately, so Petersen will allow the trade and become a free agent for next season to sign elsewhere?
Or is LA better off giving him another chance and saving on signing another goaltender? (Knowing that moving him in-season will be more difficult.)

Free Agent Signings

RFA	YEARS	CAP HIT
Björnfot, Tobias	1	$894,167
Anderson-Dolan, Jaret	1	$775,000
Kupari, Rasmus	1	$863,333
Vilardi, Gabriel	1	$3,000,000

UFA		YEARS	CAP HIT
Raanta, Antti		1	$2,000,000

Trades

LAK

MTL

2023 1st round pick (LAK)

Additional Details:

This can be any team willing to pay to buy out Petersen, assuming that team is on his NTC list.
$7.6M total with just over $5M of that applying to next season.
Last two seasons are $1.16M in the 3rd and 4th years of the buyout.

Alternatively, it can be a team not on his NTC list so an immediate buyout is not required. Perhaps a team will take less or the pick can be conditional, if they are going to use him. I just don't see it as likely.

Termination Fees

Mike Richards: $700,000

Buried

Cal Petersen: $3,850,000 ($5,000,000)

Draft	Round 1	Round 2	Round 3	Round 4	Round 5	Round 6	Round 7
2023
2024
2025

ROSTER

LONG-TERM OUTLOOK

EMBED

TEXT-EMBED

ROSTER SIZE	SALARY CAP	CAP HIT	OVERAGES	BONUSES	CAP SPACE
23	$83,500,000	$83,159,167	$0	$3,712,500	$340,833

Left Wing	Centre	Right Wing
Kempe, Adrian $5,500,000$5,500,000 LW, RW UFA - 3	Kopitar, Anze $10,000,000$10,000,000 C NMC UFA - 1	Fiala, Kevin $7,875,000$7,875,000 RW, LW NMC UFA - 6
Moore, Trevor $4,200,000$4,200,000 LW, RW M-NTC UFA - 5	Danault, Phillip $5,500,000$5,500,000 C NMC UFA - 4	Arvidsson, Viktor $4,250,000$4,250,000 RW, LW UFA - 1
Iafallo, Alex $4,000,000$4,000,000 LW, RW UFA - 2	Vilardi, Gabriel $3,000,000$3,000,000 RW, C RFA - 2	Kaliyev, Arthur $894,167$894,167 ($212,500$212K) RW, LW RFA - 1
Kupari, Rasmus $863,333$863,333 C, LW, RW RFA - 2	Lizotte, Blake $1,675,000$1,675,000 C RFA - 1	Byfield, Quinton $894,167$894,167 ($2,650,000$3M) LW, C RFA - 1

Left Defense	Right Defense	Goaltender
Durzi, Sean $1,700,000$1,700,000 LD/RD RFA - 1	Doughty, Drew $11,000,000$11,000,000 RD M-NTC UFA - 4	Copley, Pheonix $1,500,000$1,500,000 G UFA - 1
Anderson, Michael $4,125,000$4,125,000 LD UFA - 8	Roy, Matt $3,150,000$3,150,000 RD UFA - 1	Raanta, Antti $2,000,000$2,000,000 G UFA - 1
Björnfot, Tobias $894,167$894,167 LD RFA - 2	Walker, Sean $2,650,000$2,650,000 LD/RD UFA - 1

Scratches	Injured Reserve (IR)	Long Term IR (LTIR)
Anderson-Dolan, Jaret $775,000$775,000 C, LW, RW RFA - 1
Grundström, Carl $1,300,000$1,300,000 LW, RW RFA - 1
Clarke, Brandt $863,333$863,333 ($850,000$850K) RD RFA - 3

Top Comments

Feb. 27, 2023 at 3:02 p.m.

littlejerryseinfeld

Joined: Nov. 2017

Posts: 27,891

Likes: 14,577

Still no turcotte in his draft plus 5 season?

Feb. 27, 2023 at 3:06 p.m.

ricochetii

Go Habs Go

Joined: Mar. 2017

Posts: 10,667

Likes: 4,091

Quoting: littlejerryseinfeld

Still no turcotte in his draft plus 5 season?

Not the focus of the post. You can swap any players under $1M around (that's about all the $300k cushion is good for).
I only brought up Clark to show the salary picture with a full complement of players.

Feb. 27, 2023 at 3:12 p.m.

OldNYIfan

Once a Kings Fan Too

Joined: Jun. 2018

Posts: 40,499

Likes: 25,389

Edited Feb. 27, 2023 at 3:18 p.m.. Reason: corrected error

Petersen buyout in June, 2024:

2024-2025: $1 million
2025-2026: $2 million

Only a moron would incur an additional $4.6 million in cap to do that one year earlier, or spend our 2023 first-round draft pick to move him.

Feb. 27, 2023 at 3:18 p.m.

ricochetii

Go Habs Go

Joined: Mar. 2017

Posts: 10,667

Likes: 4,091

Quoting: OldNYIfan

Petersen buyout in June, 2024:

2024-2025: $1 million
2025-2026: $2 million

Only a moron would spend our 2023 first-round draft pick (and incur an additional $4.6 million in cap) to do that one year earlier.

That's the question. Can you survive long enough to do that?
Like I said, it's possible, just doesn't leave much wiggle room.

OldNYIfan liked this.

Feb. 27, 2023 at 3:29 p.m.

OldNYIfan

Once a Kings Fan Too

Joined: Jun. 2018

Posts: 40,499

Likes: 25,389

Quoting: ricochetii

That's the question. Can you survive long enough to do that?
Like I said, it's possible, just doesn't leave much wiggle room.

Thank you for posting this. I should have made it clear that I really appreciate your publishing this illustration, because I'm completely on your side. (Note that I corrected the error in my earlier post, which you quoted.)

You imply, quite correctly, that there are three ways to address this issue:

1. Buy Petersen out this summer. Wrong for the reasons we both cite -- raises his cap hit from $3.85 million to $5,166,667 (making the problems of addressing the LhD and G weaknesses worse) and incurs additional negative costs.

2. Buy Petersen out in June 2024. As you point out, limits us to $2 million to acquire goalie help, but that can be alleviated by other roster adjustment(s), for example, trading Sean Walker.

3. Spend a first-round draft pick to dump him. A very unpalatable idea in view of the need for stockpiling prospects at LhD and G {cough Caden Price cough} and the fact that we had no 2022 first.

ricochetii liked this.

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