Blackhawks 2011 Summer Critical Date Calendar
Gold & Bronze Medal Games IIHF World Championships in Slovakia. Marcus Kruger is representing Blackhawks on Team Sweden as is Michael Frolik for the Czech Republic. Ex-Hawks Andrew Ladd (CAN), Mathis Olimb (Norway), Tuomo Ruutu (Finland), Jack Skille (USA) also involved in playoff elimination round beginning May 11th. Marian Hossa did play in the tournament but his team, Slovakia, the host country, was eliminated in the qualifying round.
June 15 – 30
– League-wide moratorium on new player contracts: Meaning a team cannot re-sign any of their own free agents, restricted or unrestricted, during this period.
– Buy-Out Period (June 15-30) *Clubs with salary arbitration cases [July 20 – Aug 4] have a second opportunity to buy-out contracts. Deadline in those cases is 48 hours after the Club’s last salary arbitration award or settlement.
NHL Entry Draft – St. Paul, MN – Xcel Energy Center
Deadline for clubs to make qualifying offers to their restricted free agents. Qualifying offers must be received by this date. Players, however, cannot accept those Qualifying Offers officially until July 1. Players have until July 15th to accept their QO. Any impending RFA who does not receive a Qualifying Offer can become an unrestricted free agent if their Club also does not opt for Club-Elected arbitration.
Impending restricted free agents are free to open talks with any NHL team, including the team holding their rights. However, no official offers can be made, new contracts, offer sheets, etc, until July 1. (This does not apply to players with fewer than three years experience who have received a qualifying offer. In that case, the qualifying offer gives the Club exclusive negotiating rights to a player with less than three years pro experience.)
Upper/Lower Limits on 2011-12 Salary Cap are set
Noon eastern: Free agency period begins. (Also the first day the Hawks and Patrick Sharp can begin negotiating a contract extension beyond 2011-12)
Deadline for Player-Elected Salary Arbitration: 5pm eastern
Deadline for Club-Elected Salary Arbitration: 5pm eastern
First week of July
Dates are not yet announced but the 2011 Blackhawks Prospect Camp will be held during the first week of July at Johnny’s IceHouse West.
First date the Blackhawks can trade Niklas Hjalmarsson, if they should choose to do so. This is the one-year mark from when the Hawks exercised their Right of Refusal (“match”) on the San Jose Sharks’ 4-year $14M offer sheet to Hjalmarsson. In accordance with the current CBA, the Hawks cannot trade the player for one calendar year from the date of said “match.”
4th annual Blackhawks “Convention” at Chicago Hilton
July 20 – August 4
Salary Arbitration Hearings
September 10 – 13
Rookie Showcase Tournament – Oshawa, Ontario: Blackhawks, Maple Leafs, Senators and Penguins prospects compete in a three-game, four-day round robin tournament at General Motors Centre in Oshawa, Ontario.
Early estimates indicate the 2011-12 salary cap will not increase much, if at all, on its own. Salary Cap upper and lower limits are based off hockey-related revenue from the prior year, in this case the 2010-11 NHL season. The new NBC/VERSUS broadcast deal will not impact hockey-related revenues or the league’s salary cap directly until the 2012-13 season. Thus, if early indications hold up, the cap will only increase if the player’s association elects to enact its five percent escalator option, which is expected. If league revenues stay about the same and the upper limit not change, the five percent escalator would bring the 2011-12 cap up to $62.3M roughly, from $59.4M.
- The Hawks will see the 2009-10 $4.1M cap penalty restriction come off their Cap next season. However, raises to Brent Seabrook ($2.3M) and Corey Crawford (increase projected anywhere from 1.5-2.0M; 800k to the 2.5-3.0M range) will kill that particular relief immediately. Figuring a $62.3M upper limit, and a new Crawford deal with cap hit of $2.5M (could be low), that would leave the Blackhawks with approximately $8.6M to cover eight roster spots. That’s including Marcus Kruger (735k) and Ben Smith (812,500 cap hit). Figuring those two and supposing Crawford at $2.5M, that puts the Hawks at 15 players under contract covering $53.6M.
Cristobal Huet is still under contract for another season, ending 2011-12. Tacked on to the above scenario, Huet’s $5.625M cap hit would bring the Hawks down to roughly $3.0M for seven roster spots (429k per slot, or lower than the league minimum). So that’s out of the question barring a salary dump.
- For those wondering about the buy-out option, with one year left on his contract, the Hawks could “buy-out” Huet’s contract at 2/3rds of the remaining value ($5.625M). So the Hawks would pay Huet $3.75M to get him to walk way. That money just doesn’t disappear however. The Hawks would be on the hook for a $1.875M cap hit for the next two seasons.
Chicago Blackhawks Un-restricted free agents as of 05-10-2011 (2010-11 cap #’s): Marty Turco (1.3M), Tomas Kopecky (1.2), Jordan Hendry (.600), Ryan Johnson (.500), Fernando Pisani (.500)…. Jeff Taffe (.550), Hannu Toivonen (.550), Jassen Cullimore (.500), Garnet Exelby (.500)
Johnson, Exelby, Cullimore and Toivonen were on 2-way deals. Jeff Taffe’s contract (2-year) guaranteed him a 600k salary in 2010-11.
Chicago Blackhawks Restricted free agents as of 05-10-2011 (2010-11 cap #’s): Chris Campoli (1.4M), Michael Frolik (1.275 EL, 850k salary), Troy Brouwer (1.025M), Corey Crawford (.800), Viktor Stalberg (.850 EL, 785k salary), Jake Dowell (.525 / .550 salary)…. For the rest we’ll note NHL rate of pay, not cap numbers…. Evan Brophey (.500), Brian Connelly (.587), Rob Klinkhammer (.500), Mathis Olimb (.600), Alec Richards (.637), Alexander Salak (.875), Ivan Vishnevskiy (.765)
Arbitration-eligible: Troy Brouwer, Chris Campoli, Corey Crawford, Jake Dowell, Viktor Stalberg
Not eligible for salary arbitration: Michael Frolik (would be if RFA again before age 27 under current terms of CBA. He turned 23 on February 17th)
- If a player files for arbitration, the Club has choice to elect for a one or two-year arbitration award. If the Club files, the player has option to elect for a one or two year term. Clubs are only entitled to “walk-away” from a player-elected arbitration case and only if the award comes in above the league average player salary. They must do so within 48 hours of the arbiter’s ruling.
Qualifying offers: These are based on player’s base salary, minus bonuses. For players with base salary of less than $660,000 in his recently completed season, a qualifying offer of 110% is necessary. For players with base salaries between $660,000 and $999,999, a qualifying offer is 105%. For any player whose base salary was at least $1,000,000 the qualifying offer is 100%, or matches their prior year’s salary.
So, here are the qualifying numbers for the Hawks’ impending RFA’s: Troy Brouwer (1.025M), Chris Campoli (1.4M), Corey Crawford (892,500), Michael Frolik (803,250), Viktor Stalberg (735,000) and Jake Dowell (605,000).
For the minor leaguers and two-way qualifiers: Evan Brophey (550,000), Brian Connelly (550,000), Rob Klinkhammer (550,000), Mathis Olimb (605,000), Alec Richards (605,000), Alexander Salak (826,875), Ivan Vishevskiy (803,250)
The minimum NHL player-salary for 2011-12 is $525,000
- July 1st is also the first day the Hawks and Patrick Sharp can begin negotiating a contract extension.