For years, the Canucks have been one of the biggest spenders in the NHL, spending right up to the limit of the salary cap. With Laurence Gilman’s cap wizardry navigating the way, the Canucks have deftly used every trick in the book to squeeze their roster under the cap, sometimes making it just by the skin of their teeth.
That’s no longer a major concern. With Roberto Luongo’s $5.3 million already off the books, David Booth’s $4.25 million cap hit bought out this week, and Ryan Kesler’s $5 million contract almost certainly about to go elsewhere, the Canucks are in unfamiliar territory.
With technically only five roster spots to fill, the Canucks will have over $21 million in cap space heading into free agency. While that’s not including any potential return in the Kesler trade and some of that money will be eaten up re-signing Mike Santorelli and restricted free agents like Zack Kassian, Chris Tanev, and — maybe — Jordan Schroeder and Yannick Weber, that will still leave the Canucks with plenty of room to spend big money on a big-name free agent or two.
This is absolutely terrifying. Why? Because it is remarkably easy to royally screw up in free agency.Continue Reading —›