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Senator Cap Pickle

Created by: KrakenTheCode
Team: 2023-24 Ottawa Senators
Initial Creation Date: Aug. 17, 2023
Published: Aug. 18, 2023
Salary Cap Mode: Basic
Description
I'm not a Senators fan, but their situation caught my eye. Ottawa is right up against the cap ceiling after signing Tarasenko, and still have to sign Pinto. I used McLeod's bridge deal with Edmonton as a comparable for Pinto's next contract, as both are young depth centers for their current clubs with plenty room to grow. Pinto was more productive last season but McLeod had more leverage via arbitration rights, so I think their contracts will be in the same ballpark.

Barring Forsberg or anyone else from the main roster opening the season on LTIR, the Sens will have to shed some money before the season starts. Joseph or Kubalik are the most likely candidates in my mind, with whomever proves to be the better fit in training camp sticking around while the other is shipped out. Below is one trade scenario I could envision for Ottawa to become cap compliant, and one that wouldn't necessitate the Sens giving up any more high draft picks while still being palatable for the other team.

As always, let me know your thoughts; helpful feedback is always appreciated!
Free Agent Signings
RFAYEARSCAP HIT
2$2,100,000
1$825,000
Trades
OTT
  1. Ellis, Ryan
Additional Details:
Ellis's NHL career is by all accounts over due to injury, so his contract will be placed on LTIR to make Ottawa cap compliant. Operating in LTIR isn't ideal but the Sens were likely going to be right up against the cap in any case, and this way they duck the cap line without having to give up any high draft picks.
PHI
  1. Joseph, Mathieu
Additional Details:
Since the Flyers are well under the cap, Ellis would have been on IR for them instead of LTIR. This way, Philadelphia gets real money and cap savings, so they have the flexibility to take on contracts in exchange for assets to help further their rebuild. They also get Joseph, who is still in the prime of his career and a decent if somewhat overpaid depth forward. He would be able to eat minutes for the Flyers while their prospects develop and potentially serve as a trade chip down the line.
Buyouts
Retained Salary Transactions
DraftRound 1Round 2Round 3Round 4Round 5Round 6Round 7
2024
Logo of the OTT
Logo of the DET
Logo of the OTT
Logo of the OTT
Logo of the DET
Logo of the TBL
Logo of the OTT
Logo of the OTT
2025
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
2026
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
Logo of the OTT
ROSTER SIZESALARY CAPCAP HITOVERAGES TooltipBONUSESCAP SPACE
22$83,500,000$80,942,380$0$1,850,000$2,557,620
Left WingCentreRight Wing
Logo of the Ottawa Senators
$8,205,714$8,205,714
LW
UFA - 5
Logo of the Ottawa Senators
$8,350,000$8,350,000
C
UFA - 8
Logo of the Ottawa Senators
$2,500,000$2,500,000
RW
NTC
UFA - 1
Logo of the Ottawa Senators
$6,500,000$6,500,000
RW, C
NMC
UFA - 2
Logo of the Ottawa Senators
$7,950,000$7,950,000
C
UFA - 7
Logo of the Ottawa Senators
$4,975,000$4,975,000
RW, LW
UFA - 4
Logo of the Ottawa Senators
$863,333$863,333
C, LW
RFA - 2
Logo of the Ottawa Senators
$2,100,000$2,100,000
C
RFA - 1
Logo of the Ottawa Senators
$2,500,000$2,500,000
LW, RW
UFA - 1
Logo of the Ottawa Senators
$762,500$762,500
LW
RFA - 1
Logo of the Ottawa Senators
$835,000$835,000
C, RW
RFA - 2
Logo of the Ottawa Senators
$775,000$775,000
RW, C
UFA - 3
Left DefenseRight DefenseGoaltender
Logo of the Ottawa Senators
$8,000,000$8,000,000
LD
UFA - 5
Logo of the Ottawa Senators
$4,600,000$4,600,000
LD/RD
M-NTC
UFA - 2
Logo of the Ottawa Senators
$4,000,000$4,000,000
G
M-NTC
UFA - 5
Logo of the Ottawa Senators
$925,000$925,000 (Performance Bonus$1,850,000$2M)
LD
UFA - 1
Logo of the Ottawa Senators
$4,600,000$4,600,000
RD
M-NTC
UFA - 4
Logo of the Ottawa Senators
$2,750,000$2,750,000
G
UFA - 2
Logo of the Ottawa Senators
$2,000,000$2,000,000
LD/RD, LW
RFA - 1
Logo of the Ottawa Senators
$805,000$805,000
RD
RFA - 2
ScratchesInjured Reserve (IR)Long Term IR (LTIR)
Logo of the Ottawa Senators
$1,100,000$1,100,000
RD
NMC
UFA - 2
Logo of the Philadelphia Flyers
$6,250,000$6,250,000
RD
UFA - 4
Logo of the Ottawa Senators
$825,000$825,000
LW
RFA - 1

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Aug. 18, 2023 at 12:24 p.m.
#1
Danny B is here
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The overwhelming majority of Ellis’ contract is covered by insurance so the flyers aren’t paying him basically anything and we don’t need to move his contract because we aren’t looking to compete. And we are going to take on another team’s terrible contract unless we are incentivized to do so. Joseph is still owed $9M+ over 3 years I wouldn’t touch him without at minimum a 2nd and a prospect coming back our away.
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Aug. 18, 2023 at 12:59 p.m.
#2
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Quoting: GMDannyB
The overwhelming majority of Ellis’ contract is covered by insurance so the flyers aren’t paying him basically anything and we don’t need to move his contract because we aren’t looking to compete. And we are going to take on another team’s terrible contract unless we are incentivized to do so. Joseph is still owed $9M+ over 3 years I wouldn’t touch him without at minimum a 2nd and a prospect coming back our away.


$9 million over 3 years sounds like a terrible contract but when you realize that Joseph is at worst a $2 million player and probably a $2.5 million player, its not that bad at all. The Sens would love to keep him if they could stay under the cap.
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Aug. 18, 2023 at 1:00 p.m.
#3
LongtimeLeafsufferer
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As GMDannyB suggested above, Ellis's LTIR isn't that significant in any deal.
Ottawa might just be pleased to get rid of a contract....Joseph in this case.....for free. Can they find a team, well that might be difficult. Gee, Thomas Tatar is out there and could be signed for under 2m.
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Aug. 18, 2023 at 1:01 p.m.
#4
Danny B is here
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Quoting: sens65
$9 million over 3 years sounds like a terrible contract but when you realize that Joseph is at worst a $2 million player and probably a $2.5 million player, its not that bad at all. The Sens would love to keep him if they could stay under the cap.


He’s a 3rd liner at absolute best realistically less than that. No thanks. Find another team to dump him on
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Aug. 18, 2023 at 1:04 p.m.
#5
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Quoting: GMDannyB
He’s a 3rd liner at absolute best realistically less than that. No thanks. Find another team to dump him on


He was on track for 26 points in a down year, and is very good at carrying the puck up the ice and penalty killing.
Aug. 18, 2023 at 2:01 p.m.
#6
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Edited Aug. 19, 2023 at 10:28 a.m.
McLeod is not the best comparable because he's a year older (closer to UFA) and has 2 NHL seasons while Pinto has one.

McLeod got a 2 years extension, so Pinto's would be quite cheaper on a 1 year

They had a similar PPG last season (Pinto got to play with two first liners and had 168 minutes of PP time) while McLeod's possession and defensive metrics were very good. Plus Pinto has no arbitration rights.

Quoting: sens65
He was on track for 26 points in a down year, and is very good at carrying the puck up the ice and penalty killing.

Exactly, don't listen to the noise, Joseph is not a bad player at all. Defensive forwards who excel on the PK are not supposed to produce 50 pts per season (or they'd be paid a lot more than 2.95 AAV)

26 pts pace in a down year, 36 pts pace the year before (30 pts in 69 GP, all at ES or on the PK), he's also a pretty good forechecker

I trust that Dorion can make the right decision and trade Kubalik instead (who is a better scorer but UFA-to-be, really not as good defensively and would need big PP minutes, which we don't have)

This is a good picture of Joseph's game, and his EV production can vary from year to year

FYyq7EmXEAE1R7q?format=jpg&name=large
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