Monday morning update: Since I’ll be in the air when the Wild announces which restricted free agents it qualifies to retain their rights, I thought I’d give you an explanation. Essentially, by 4 p.m., teams must tender qualifying offers to restricted free agents. If they don’t, those players become unrestricted free agents when free agency opens Monday and they’re free to sign with any team in the league.
Basically, to retain a players rights today, teams must offer 10-percent raises on players who made $660,000 or less last season, 5 percent raises on players who made $660,000-$1 million and no raise on players who made more than $1 million.
So, for instance, Kyle Brodziak made $497,500, so he’s got to be offered a $49,750 raise (10 percent). Benoit Pouliot’s salary if he had played a full year in the NHL would have been $765,000 (not including bonuses). So he’s got to be offered a 5 percent raise or a contract of $803,250. Josh Harding must be offered a 5 percent raise of $725,000. Dan Fritsche made $875,000, so to qualify him, he’d have to be offered a contract of $918,750 (5 percent raise).
And remember, this is just to keep them. This is before you actually negotiate the contract. If you take a look at the above, you’ll see a very good reason why the Wild might not qualify Fritsche today. He plays the same role as Brodziak might play, yet just to keep him, you’d have to offer him almost $1 million or $371,500 more than Brodziak to perhaps play the same role. If you let Fritsche go, that $918,750 could come in very handy when you’re trying to sign players in free agency.
Again though, we’ll find out for sure today. I was told by a few sources yesterday that Chuck Fletcher was trying to trade Fritsche the last few weeks. Obviously he was unable to, which could be a further clue that he might be let go today.
Sunday night blog: Good day from Vermont, where I spent part of the day on Lake Champlain. Other than the gnats, it was a good way to decompress from a busy week.
Here are the links from Sunday’s articles:
Here is the Insider on owner Craig Leipold talking about having the money to spend in free agency
Here is the Kyle Brodziak trade story
Here is the notebook on drafting two Shattuck-St. Mary’s roommates and improving the goalie depth of the club
Here is the roster situation
I’ll be flying home Monday, and as I’ve mentioned, there will at least be the news of the restricted free agents. When that comes out and perhaps other news, if I’m in the air, the blog will be updated from the office. So no worries.
Just thought I’d clean out my draft notebook from the weekend:
– Owner Craig Leipold loves the passion and hype and hoopla that comes with the draft, and he told me he’s looking to soon bring one to Minnesota for the Wild to host. Remember, the Nashville Predators — Leipold’s previous team — hosted the 2003 draft.
– GM Chuck Fletcher on free agency: “We’ve had some ideas what we wanted to do in free agency all along if we weren’t able to make trades and we have some things we can do internally too with player shifting to different areas. I think we have some flexibility what can we do. I do believe having cap space is a very valuable commodity. I do believe if we have cap space, at some point we will be rewarded. I’m not sure we have to fill every hole the first week of July but what will happen will be a product of which way the market goes. If it’s a buyers market, hopefully we do well.”
I did want to make one note on free agency after reading the Insider again today. I know I mentioned a lot of names in there. I wanted to make clear though if the Wild gets a star, that obviously inhibits other things like maybe the top defensemen I mentioned, etc. I don’t want you to think that IF they signed a Hossa or the Sedins, then they can go out AND sign a Beauchemin or a Scuderi.
The higher the price, the less money they can spend in other areas. If you looked at the updated salary chart in the paper, the Wild is roughly $13 million below the cap. However, if Colton Gillies plays in the minors, that frees up $1.04 million of cap space. However, remember, even though the cap is $56.8 million, most teams would want to be at least $2 million below.
As for the Draft……