Before moving Bjugstad, according to capfriendly.com, the Penguins were about $7.8 million under the salary cap with 11 forwards, seven defensemen and one goalie, Casey DeSmith, under contract. Washington Capitals Fans of Northern Virginia (NoVa Caps, LLC) is not associated with the Washington Capitals; the NHL, or its properties. The Penguins retained 50% of Bjugstad’s $4.1 million cap hit. The information does not usually directly identify you, but it can give you a more personalised web experience. Acquired along with Jared McCann for forwards Derick Brassard and Riley Sheahan in February 2019, Bjugstad managed 10 goals and 16 points in 45 games with the Penguins over two seasons. From Seravelli: The Pittsburgh Penguins are reportedly planning to budget in the low-to-mid $70 million range on an $81.5 million limit. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Paying Jared McCann, What Can the Penguins Afford? Like us on Facebook to see similar stories, America's most successful employee-owned companies. | PHN+, Undoing or Creating Mistakes? By using our site, you consent to our use of cookies. They have a second, a fifth, two sevenths and the conditional pick acquired Friday. The Pens have never used a buyout in the 15 year history of the NHL’s salary cap, but in this instance it does make sense. Bjugstad will be entering the final season of his contract in 2020-21. The Pens have a lot of high-priced players locked in for contracts for 2020-21 and beyond. Washington Capitals | News, Analysis, Opinion, Alex Ovechkin Visits Novosibirsk, Siberia, Is Guest Of Honor At KHL Game, Penguins Dump Salary, Deal Nick Bjugstad To Wild, First Look Inside New Sports book At Capital One Arena, Joe Thornton Joins HC Davos: “I’ll Go Back To The NHL Once It Starts Up”, Western Hockey League Announces Opening Date For 2020-21 Regular Season, Mercedes Benz Stadium Becomes First Sports Venue To Utilize Disinfecting Drones, A Look At Billet Family Life With Capitals Prospect Aliaksei Protas, Assessing Metropolitan Division Goalie Tandems For 2020-21 NHL Season, Newly-Signed Justin Schultz: “Washington Is Very Tough, Playing The Hard Game…Couldn’t Be More Excited To Be A Capital”, Capitals Prospect Bogdan Trineyev: The First Interviews – “He (Ovechkin) Is A Living Legend”, Golden Knights Trade Nate Schmidt To Canucks To Make Room To Sign Alex Pietrangelo. Such is the benefit of a player like Crosby, who has no doubt earned that pay many times over for his value to the team and league. © Photo by Shelley Lipton/Icon Sportswire via Getty Images. Internally, the budget for player payroll may be cut as well. Dan Kingerski. The Penguins trade could also free the Penguins and Rutherford to accept an NHL salary in return as part of the expected Matt Murray trade. This could be difficult to do, because as the TSN piece notes, there will be several teams that will be looking to cut spending. In 2019-20, Bjugstad will earn a base salary of $5,000,000, while carrying a cap hit of $4,100,000. Estimated Career Earnings : $21,714,146. Crosby’s deal was majorly front-loaded which has also been a rarity for Pittsburgh. Hearing that the Pens may cut salary led me to research, via the great resource in CapFriendly, to see what is already on the books. The Penguins received a conditional seventh-round pick. All information these cookies collect is aggregated and therefore anonymous. The NHL’s main issue is an estimated 35-40% of their revenue comes from gate ticket sales and live event money, and large indoor events are not likely to be feasible or even allowed by December 1st. It would be a tight squeeze to construct what the team hopes will be a Stanley Cup contender even under the maximum of a $81.5 million cap limit. Nick Bjugstad contract, cap hit, salary cap, lifetime earnings, aav, advanced stats and NHL transaction history. The one big actual salary that sticks out is on Nick Bjugstad. Penguins GM Jim Rutherford and Guerin hooked up on the Penguins trade for Jason Zucker in January, too. Accumulated Daily Cap Hit : $0. As a result, teams are seeing the writing on the wall. He posted a goal and two points in 13 games this season and has posted 97 goals and 207 points in 439 career games with the Penguins and Florida Panthers. Jarry’s was $675,000. We use cookies to offer you a better browsing experience, analyze site traffic, & serve targeted ads. When he was healthy, the Penguins never figured out whether Bjugstad fit better at center or wing. The Pittsburgh Penguins found some salary-cap relief from an old friend on Friday evening with the Penguins trade of center Nick Bjugstad and his $4.1 million salary to the Minnesota Wild. Penguins GM Jim Rutherford told the media after falling in the qualifying round that there will be changes coming to the team this offseason. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. Sie können Ihre Einstellungen jederzeit ändern. There is some talk now, including from NHL deputy commissioner Bill Daly that a January 1st start might be prudent or necessary, with the league hoping to still squeeze 82 games, though admitting that might not be possible. Even if the major culprit is the looming cloud of potentially taking in less than 41 home games of regular season revenue and not being able to put games on for 18,000+ cheering, money-spending fans, the end result could be the Pens attempting to spend about $8-10 million less in player payroll than previous years. While the players may have to pay a percentage of this salary back eventually as the tool for an escrow account gets used, the teams will still have to pay big expenses up front. Murray’s cap hit was $3.75 million last season. The Penguins seem all but certain to move one of their goaltenders, probably Matt Murray, and sign the other to a new contract. Also, by disabling these cookies you will also disable banner ads served by Google Adsense on this website.. For more information about these items, view our complete privacy policy.Read More. Both are restricted free agents who will command a healthy raise. Bjugstad missed four months after undergoing core muscle surgery in November but did not play in the Penguins’ four-game loss in the Stanley Cup Qualifiers to the Montreal Canadiens due to a lower-body injury. They have a choice in the third through sixth rounds. We reserve the right to edit a comment that is quoted or excerpted in an article. Buying Bjugstad out saves $3.5 million in real cash this season, which if we have a team looking to limit expenses, makes a lot of sense. Because of the volume of reader comments, we cannot review individual moderation decisions with readers. https://www.hockeydb.com/ihdb/stats/pdisplay.php?pid=127782 Nick Bjugstad signed a 6 year / $24,600,000 contract with the Florida Panthers, including $24,600,000 guaranteed, and an annual average salary of $4,100,000. Posted on September 11, 2020 by Harrison Brown. But these suggestions should be sent Because we respect your right to privacy, you can choose not to allow some types of cookies. Photo: Pittsburgh Hockey Now . The 28-year-old has one more year left on his contract before he can become an unrestricted free agent. Uncertain season start date. Presumably by then, the Pens will be in a position to be making more money and that won’t be a big issue. No fluctuation, no signing bonuses, just straight-forward same salaries every year. The Penguins, however, will retain half of Bjugstad’s salary, according to the Star Tribune. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Our goal is to provide substantive commentary for a general readership. Tentative plans have the 2020-21 season starting in early December, but cracks in that timeline are already starting to form. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Bjugstad, 28, who lives in Arden Hills, is entering the final year of a six-year, $24.6 million contract. According to multiple reports, the Penguins will retain half of Bjugstad’s salary. via e-mail. Scouts Analyze UFA D-Men; Which Defensemen Fit Penguins? The Pittsburgh Penguins announced on Friday night that they traded center Nick Bjugstad to the Minnesota Wild in exchange for a conditional seventh-round pick in the 2021 NHL Draft. The NHL and their players have cooperated exceptionally in 2020, with the two reaching an extension on their collective bargaining agreement without having a labor stoppage for the first time in recent memory. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. extension on their collective bargaining agreement, At least 17 NHL teams have reduced pay amid COVID-19 crunch. Guentzel and Jason Zucker took slightly less salary for 2020-21 — a smart move by their agents when there could have been a lockout if not for the CBA extension. In his seven-year NHL career, Nick Bjugstad has played 439 games but played only 13 games last season as a sports hernia, and apparent rehab setbacks kept him off the ice. One big outlier is Sidney Crosby, who signed his last 12-year contract extension in 2012, a full two CBA’s ago at this point. Great Debate: Murray vs. Jarry and the Penguins Future Plans, The 1:42 That Saved the Pittsburgh Penguins Season: Complete Analysis, Breaking Bad: Analyzing the Pittsburgh Penguins Breakdowns, League Official Tells PHN: Bubble Cities Possible for 2021, PHN Blog: The Penguins End, Covering an Empty Arena, Photos from TO, Here We Go! They didn’t get much in return. Pittsburgh would only have to pay Johnson $916,667 this season in real money if they were to buy him out. In an effort to trim their salary cap, the Penguins traded forward Nick Bjugstad to the Minnesota Wild on Friday night. How will the Penguins handle expenditures in 2020-21? Crowd size for appropriate limits, or even the demand/interest of the public wanting to attend games is up in the air. As for everyone’s favorite buyout candidate, Jack Johnson, it also makes good financial sense to dump him. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. The best NHL salary cap hit data, daily tracking, NHL news and projections at your fingertips. If the Pens have to mind a stricter internal budget that will only add more pressure to Rutherford to trade vets like Johnson, Bjugstad or Hornqvist in a climate where not too many teams are going to be looking to add a lot of payroll themselves. The Pittsburgh Penguins announced on Friday night that they traded center Nick Bjugstad to the Minnesota Wild in exchange for a conditional seventh-round pick in the 2021 NHL Draft.
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