Leafs’ Salary Cap Woes: Kessel, Clarkson, and Phaneuf

I’ve been thinking a lot and writing a lot about the Leafs salary cap predicament. The reason being, while the team is not doing so well, the current salaries and contracts may be more indicative of long-term failure than even their current play demonstrates. I hate picking on any one person in particular, particularly because short-term outcomes (typically losses for the Maple Leafs) are often multi-factorial. That said, over a longer term, where there is an ability to change outcomes, I’m less inclined to be forgiving. Hence why I’ve been thinking so much about the salary cap, and also why I’ve condemned the action (actually, inaction) of Dave Nonis.

(John E. Sokolowski-USA TODAY Sports)
(John E. Sokolowski-USA TODAY Sports)

Nonis definitely isn’t the active type, I don’t think anyone would argue that he’s got the prowess of, say, a Brian Burke, for making big deals. He seems to be happy to keep things within the organization, i.e. promoting Horachek, and signing people to long-term deals. With this in mind, I thought about looking at a few of the Leafs and what other teams pay similar players, or maybe thinking a little differently, what the Leafs might be able to have for the same amount of money. (With the proviso that I fully understand that there are no trade clauses and other factors that make trading players more difficult than simply swapping contracts).

Phil Kessel is decent value

Phil Kessel Maple Leafs
(Amy Irvin / The Hockey Writers)

Let’s start at the top with Phil Kessel. His $8 million cap hit is the biggest on the Leafs. He often gets picked on and many put him at the top of their trade list, like Nick Kypreos.  I would argue, however, that Kypreos, and others, are wrong. My argument rests on the simple principle that barring getting a Crosby, a (healthy) Datsyuk, or Ovechkin, you might not get anything more than what you have. Kessel is pretty one-dimensional and he’s streaky, but his numbers over the course of the season make him well-worth his $8 M price tag when you consider the alternatives.

Clarkson and Phaneuf are not

David Clarkson [photo: Amy Irvin]
David Clarkson [photo: Amy Irvin]
David Clarkson is not a bad player. He is. however, a player on a bad contract, but not for David Clarkson, just for the Maple Leafs. At 5.25 he eats up 7% of the Leafs salary cap, and he’s certainly not worth it. Thinking relatively, would anyone prefer to keep Clarkson over van Riemsdyk, Bozak, or Lupul? Exactly. And now, this.

Next up, Phaneuf. In my opinion, his $7 M cap hit is absurd. That’s not to say he’s a bad player. He’s just not worth what the Leafs are paying for him. As I’ve written previously (link), the salary cap is about relative value, and Phaneuf isn’t worth the 10% of the cap he eats up. Making matters worse, what does that say to some like Cody Franson when Phaneuf makes double what he does? And because the salary cap is finite, it means not only is the Phaneuf cap hit ill-informed, it’s also prohibitive for the Maple Leafs future. What makes me cringe is when I think about what other defencemen are paid. Of course, there’s PK on a tidy sum, but even Eric Karlsson  is only on $6.5 M, Drew Doughty is on $7 M and Ryan Suter is at $7.5 M… any of which I would take over Dion any day of the week.

A thought experiment

Sidney Crosby faces off against Patrice Bergeron. (Greg M. Cooper-USA TODAY Sports)
(Greg M. Cooper-USA TODAY Sports)

Let’s think about this a bit differently, one of the Leafs biggest problems is their lack of a true first line center.What if Dion got what he’s really worth in the current NHL, which I would argue is about $5 M. That would free up $2 M in cap space. That $2 M might be enough to keep Franson around, or it might be that extra push to sign some of the Leafs’ UFAs this summer. As a thought experiment, consider the following two scenarios. First, what if Clarkson and Phaneuf were both on their ‘true’ wage (roughly Clarkson at $4 M and Phaneuf at $5 M, in my opinion). That would free up $3.25 M which could again be useful to shore up some contracts that will need some focus in the off-season, or bring in a pretty decent player (maybe a 2nd/3rd line forward). Second, what if these contracts didn’t exist. What could the Leafs do with $12.25 M. Obviously, they’d need to sign a forward and a defenceman. Kronwall, McDonagh, Jack Johnson, Goligoski are all good defencemen that are about $4.5 M. That leaves a whopping $7 M to play with. Think about THAT. Bergeron, Datsyuk, Stamkos, Backstrom, and Kopitar all become feasible.

The reason that I mention this, isn’t so much to say that these are possible trades or signings for Nonis. Rather, this shows how he has failed as a GM, and how the Leafs long-term success will be hampered due to what he’s already done. This is coupled with the fact that every other GM  knows what a terrible position the Leafs are in so it’s likely impossible for Nonis to make any good deal. But, while I feel sorry for his predicament (even though he created it himself), he still needs to try to do something, anything, to shake things up. Unfortunately, I don’t see it happening any time soon.

4 thoughts on “Leafs’ Salary Cap Woes: Kessel, Clarkson, and Phaneuf”

  1. Good article, agree with a lot written here. I don’t think Clarkson is movable at all. Can’t fault the guy or his agent for getting the best possible deal (or at least getting a great contract for him where he wants to play). Nonis, on the other hand has completely handcuffed this team. Kessel would garner a return, but teams are obviously becoming more aware of how poor his attitude is. The Leafs made a huge error in appeasing Kessel and not forcing his hand.
    I think guys like Lupul/Bozak/Phaneuf are movable, but the Leafs would almost certainly have to retain salary for Lupul and Phaneuf. If Shanahan has any sense, he’ll have Kadri and Franson moved. No doubt that these two are expecting long-term, big-money extensions that the Leafs really CANNOT afford.
    Get the rebuild started right and move these guys for picks.

  2. Good article. Leafs need to trade some deadweight, even if they need to retain $1-2 million of the cap hits to do so.

    • Scott, I fully agree. While it might be impossible for Nonis to make a good move, he’s gotta do something. I feel like there is actually a lot of depth with the Leafs, so it could be that some new blood brings them together. They need to make a move.

  3. I like this post Adam…. I agree with the overvaluation of both Phaneuf and Clarkson, many Maple Leafs supporters and hockey fans alike have expressed a similar opinion. I, as many others, believe Nonis has failed as a GM in the NHL. The difference of this overvaluation of contracts of these two players, and the potential players they could have in their stead, is quite shocking… and solidifies Nonis’ failures to provide decent NHL contracts.

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