Thursday, May 23, 2013

Caps have work to do this offseason

Though the sting of the Capitals’ latest playoff collapse may still be fresh, the team must look beyond this season and determine what they need to do to finally bring the Stanley Cup to Washington.

Next season’s salary cap will actually be lower due to the new CBA. As of now, the Caps are about $5.6 million under the $64.3 million cap with eight free agents, five unrestricted, on the roster.

The Caps already had holes in their roster; $5.6 million is not a lot of money to re-sign their key FAs and fill those holes. They will, however, be able to add a little more room with an amnesty buyout.

As part of the new CBA, the Caps are allowed two amnesty buyouts, meaning they can buy out a player’s contract and not have it count towards the salary cap. I expect the Caps will buyout Jeff Schultz. According to Capgeek.com, Schultz will have a cap hit of $2.75 million for next season. That is far too high for a player who does not receive regular playing time, especially when there are several other defensemen to replace him.

The biggest question facing the Caps is whether or not to re-sign Mike Ribeiro. Every other move the Caps make this offseason will be tied to their decision on Ribeiro. The Caps have searched for a second line center for many years, and Ribeiro fit that role nicely with 13 goals and 36 assists in 48 games.

The Caps must also keep in mind prospect center Evgeny Kuznetsov in Russia. The 21 year-old phenom is widely considered one of the best players in the world not currently in the NHL. His contract with Traktor Chelyabinsk of the KHL will expire in 2014 and he has said many times he will play for Washington after that.

With Kuznetsov slated to be the team’s long-term solution on the second line, it would be ideal for the Caps to re-sign Ribeiro for only one or two years, but he has been firm in his stance that he wants a contract of four or five years so as not to move his family again. At 33 years old, he can expect a pay cut from the $5 million he made last season and has said he would be willing to accept less money to stay in DC, but he will still be expensive to sign. Four years and around $3 million is a fairly large gamble for a team that presumably will only need him for one or two years.

Having said that, I would love to see Ribeiro back. After how long it took the Caps to find a second line center, I am reluctant to let him walk away. I am also skeptical of Kuznetsov who has been teasing us for years. If the Caps do buyout Schultz, then they can easily afford to re-sign Ribeiro, but it will depend on the specifics of the contract. He is likely to ask for a no-trade clause which may be a deal breaker for the Caps. I do not anticipate the two sides being able to reach a mutually beneficial agreement and the Caps will once again be in need of a second line center.

Karl Alzner and Marcus Johansson are both restricted free agents. I would expect both to return. Alzner may be a bit more expensive than the Caps would like, but Johansson can be signed relatively cheaply. Both are young and part of the Caps’ long-term plan, especially Alzner as he is one of the team’s best defensemen.

Tomas Kundratek is also a restricted free agent. He provides the team with more defensive depth and I expect him to return as well so long as there is room for him.

Of the team’s four remaining unrestricted free agents, two have already made it clear they will not return. Tom Poti told reporters he would be moving on and Wojtek Wolski signed with Torpedo Nizhny Novgorod of the Kontinental Hockey League. Joey Crabb was sent down to the AHL Hershey midway through last season in order to make room for Mike Green's return from injury. If he were willing to accept a two-way contract, the Caps may consider bringing him back, but I doubt he would. There just is not enough room for him.

The Caps face a much tougher decision with Matt Hendricks. Hendricks is a gritty forward and locker room leader. He made only $800,000 last season, but based on his impact could expect a slight raise as other teams will be willing to pay him more to try and coax him out of Washington.

Should the Caps re-sign Ribeiro, the Caps may not have enough cap room to commit $1 million to a 31 year-old Hendricks. These are the types of players that George McPhee seems to value, however, and I assume he will be re-signed. The only thing that gives me pause is the Caps’ re-signing of Aaron Volpatti. He is younger than Hendricks and is a similar type of player. His extension was a surprise to me and could signal that the team is prepared to move on without Hendricks.

The Rangers revealed two major weaknesses in he Caps. First, they have no scoring depth, and second, they have no mid-level defensive depth.

When Ovechkin and Nicklas Backstrom produce, the Caps win. When Ovechkin surged in the second half of the season, he brought the team with him all the way to a Southeast Division championship. The top line stopped producing in the playoffs and the Caps were sent packing. To say they simply ran into a hot goalie is an over-simplification of what happened. The Caps have more offensive depth than the Bruins, yet the Bruins have scored ten goals in the first three games of their series with the Rangers. Henrik Lundqvist has looked fantastic and the Bruins are still managing to score.

The problem is that the Caps do not have enough scoring weapons on the top two lines and depend far too much on Ovechkin and Backstrom. The Caps do not have a top line left wing or a secondary scoring threat. They used to depend on Alex Semin on the second line and his departure has left a clear hole in the lineup. George McPhee’s acquisition of Martin Erat was an attempt to fix the problem. The Caps need to decide if Erat can become a legitimate second line weapon and, with Erat’s $4.5 million cap hit, McPhee better hope he can.

Defensively, Alzner, Green, and John Carlson have shown they are a solid top three. Steve Oleksy looks like he can contribute as a four or five, but after him there are not a lot of guys you can depend on as a full-time blue liner. The Caps are defensively top heavy.

John Erskine, Jack Hillen, Tomas Kundratek, and Schultz can all contribute as a six or seven; meaning they provide flexibility in case of injury, but are not dependable as full-time defensemen. Having four of them is too many, especially when there are few players to plug into the four or five spot.

The Caps will hope that Dmitry Orlov will continue to develop and fit into one of those middle spots, but they have too many players who contribute the same thing. Erskine and Hillen are likely not going anywhere. The team likes Kundratek and I expect they will re-sign him. Schutlz, as I explained earlier, is out. Even with Orlov, this team needs mid-level depth.

This is the team’s first offseason with Adam Oates as the head coach so McPhee should make a few moves to bring in players better suited for Oates’ system. Still, I do not see any major free agent signings. I expect the Caps will sign a mid-level defenseman and a veteran center to plug into the second or third line. The Caps trust Brooks Laich will be healthy for next season and they can plug him into the second line if need be, but they will need to bring in another if they do in fact let Ribeiro walk.

If both Schultz and Ribeiro are gone, however, the Caps may have enough room to address the left hole in the top line. Johnasson is good but, let’s be honest, he’s not a top line talent.

The Caps have their work cut out for them this offseason.

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