Wednesday marked the day where NHL general managers from across North America throw money at their problems attempting to appease their fan bases and get their clubs in playoff or Cup contention. The fun part is, the big splashes rarely work (see the 2016 edition) and now with a flat salary cap, GMs must be shrewd and cunning.
That did not happen. The first day of NHL free agency saw GMs make 163 singings for a total of 296 contract years and $785.1 million dollars per Cap Friendly.
The biggest signings of the day were defenseman Dougie Hamilton, who went to the New Jersey Devils on a seven-year deal worth $9 million a season, and Vezina finalist Philipp Grubauer who signed a six-year deal that pays $5.9 million per year with the Seattle Kraken. Brayden Point re-upped with the Tampa Bay Lightning (8x$9.5M) and the Blackhawks officially announced their mega-deal with defenseman Seth Jones (8x$9.5M).
The Washington Capitals were not active until later in the day. The team announced the signing of four minor leaguers after 5 PM, most notably Peter Laviolette guy Matt Irwin. After the Kraken signed Grubauer to the biggest goalie UFA contract of the day, they sent Vitek Vanecek back to the Capitals, solving Washington’s goaltending issues headed into next season.
Two captains who were set to enter free agency, Alex Ovechkin (5x$9.5M) and Gabriel Landeskog (8x$7M), signed extensions with their respective teams earlier in the week.
The moment you have all been waiting for…Oh Captain, my Captain!
— Colorado Avalanche (@Avalanche) July 28, 2021
Here’s all the important stuff that happened during the first day of free agency.
Latest signings and trades
RFA offer sheet compensation chart
Via Sportsnet’s Chris Johnston if there are any offer sheets today.
In the event we get a RFA offer sheet, here is the compensation chart: pic.twitter.com/W10l8JveRx
— Chris Johnston (@reporterchris) July 28, 2021
This post will be updated throughout the day so make sure to constantly refresh.
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