Leafs Trade Analysis: Two Loonies for a Twonie
On Sunday, Leafs GM Brian Burke pulled off two trades:
Vesa Toskala and Jason Blake to Anaheim for J.S. Giguere.
Matt Stajan, Niklas Hagman, Jamal Mayers and Ian White for Dion Phaneuf, Frederik Sjostrom and prospect Keith Aulie.
At this point, I've got way more questions than answers...
Anaheim
Giguere for Blake and Toskala is like a twonie for two loonies.
I’m glad Toskala and Blake are gone, but I’m not expecting anything from Giguere. He’s had below average numbers for two-seasons running and is unlikely to improve next year when there’s a further crackdown on the size of goaltending gear.
With little to no goaltending options on the UFA market this summer, Burke has ostensibly bought one more year of slightly below-average goaltending.
Dion Phaneuf
Dion Phaneuf hasn’t progressed as projected or in keeping with his (massive) paycheque.
His goal scoring production has declined every season he’s been in the NHL and he’s struggled the past two seasons.
Many in the game have noted that his play away from the puck is poor and has been resistant to changing his game.
Among NHL d-men, he’s currently 9th in goals scored, 69th in assists and 42nd in points. To put that in perspective, his 22 points put him in a tie with Francois Beauchemin.
On the D-side of the puck, his GA60 is a respectable 2.4, which puts him in the top third of NHL defencmen (73rd among the 212 D-men that have played a minimum 20+ games this year). On the Leafs that would place him behind both Beauchemin (2.13) and Komisarek (1.88).
And the Leafs get all of this for the incredible cap hit of $6.5M through 2014.
Wait.
That can’t be right.
Phaneuf is 73rd in GAON/60. 42nd in Points and he has the 8th highest cap hit among d-men in the league?!?
Wow.
Was Glen Sather a consultant to Sutter on that contract?
Cap Space Moving Forward: 2010-11
At $25M+ the Leafs have a whole lot of dollars tied up on six blue liners next season.
In net, the Leafs have $6M allotted for Giguere while Jonas Gustavsson is an RFA.
Up-front the Leafs have just four guys under contract guys (Kessel, Gustavsson, Sjostrom and Orr) and they’ll cost the club $10.1M in salary with a passel of RFAs and UFAs still to sort out.
Fold in the Darcy Tucker buy-out and the Leafs have $42M+ in committed salaries for 2010-11.
If the cap stays neutral, the Leafs have about $14M to sign 9 forwards and a back-up goalie, which averages out to about $1.4M per signing.
Clearly, something’s got to give here.
The big question, just like every year since the lock-out, is who gets moved from the Leafs blue-line to provide some help up front?
Player Development
Draft and develop has become a bit of a mantra in the NHL. The Leafs don’t really do the former and the latter - development - is where the fall-out from today’s deals could really hit this club.
In an effort to in-fill the forward lines and find some offence, the development curve for all of the Leafs youngsters just got a whole lot steeper.
Hanson, Bozak and Stalberg won’t have the luxury of a year in the “A” with spot duty on the Leafs to develop. They’ll be eating real minutes over the next 30 games.
Given all the holes to fill up front, and the limited resources to do so, there’s also a real chance Nazem Kadri gets a shot a next season right out of the OHL. No AHL development time for the London Knight (and a year of his entry level deal cashed in too).
Of course, the Leafs could run with veteran UFAs on one-year contracts to buy their kids more development time – while that's something I hope the Burke-Nonis brain trust explores, I don't see it happening (I got no proof, just what my guy gut says).
2012: AKA The fine print
Here comes the giant caveat: with the CBA set to expire in 2011, this whole issue of contract hits and cap room could quickly become moot. Phaneuf’s contract, and the Leafs’ salary cap situation, becomes eminently more manageable if there’s any type of luxury tax or an NBA-like luxury tax amnesty provision.
Until then, I'm treating the rest of this season as a 30 game exhibition schedule: the games don't count, it's all about evaluating talent.