couldnt afford 2nd t
Joined: Sep. 2021
People over valued Petry. There is no cap space to go around. He also has term. Had they made the three way trade back at the draft, maybe Montreal might have been able to create a better market for Petry, but anybody who thought he was anything short of a negative value asset has not been paying attention to how the last two off seasons have worked. Especially later in the season when teams reach their choke points with the cap.
You also have to consider that they took on Casey DeSmith's contract. I assume if there was a market for him, the Penguins would have moved him earlier. I could be wrong, but I assume he is dead cap. They gave up Pitlick, but he was able to have his entire cap hit buried. DeSmith's cap hit is 675k.
Mike Hoffman's buyout would have cost them 1.66M x 2 years. They are now on the hook for 2.34M for 2 years. So this three way trade cost them about 680k per for 2 seasons (1.368M of dead cap) and a retention spot for 2 seasons. Retention spots are generally worth a mid or late round pick at the deadline. Add in the 675k of additional dead cap that DeSmith will cost them if they cannot find a home for him (without cap considerations), and Montreal gave up nearly 2M in cap space for a 2nd two years from now (basically the equivalent of a current year 3rd), and a B or C type prospect in Legare. Lindstrom from Detroit is a fringe NHL defender.
The above is not bad business by any means, but it isn't the home run that some of the analysts made out Montreal's haul in the Karlsson trade to be. I assume that most people who were high on Montreal's return thought that Petry was worth way more than he ended up going for.