Kyle Dubas is in no mood to be doing favours.
Still smarting after a difficult first-round loss by his Toronto Maple Leafs, and limited in the ways he can reshape the roster by cap space and a lack of draft capital, the generally affable general manager took a firm stance when approached over the weekend about facilitating a sign-and-trade agreement involving Zach Hyman.
The benefits of the arrangement were clear for two of the parties at the table — it would have allowed Hyman to add an eighth year to his rich free-agent contract while giving the Edmonton Oilers a chance to lower the winger’s annual cap hit by more than $400,000 per season.
As for the Leafs?
Well, Dubas didn’t view the late-round pick Edmonton was offering as being worth the trouble. Cap space is king in this league. And there’s a cost to wriggling free of cap obligations even if it’s part of a sign-and-trade scenario rather than a more common contract dump.
“We’ve been in that situation before at the trade deadline and when you’re in that spot the other GM’s aren’t helping you out. They’re pulling the pin from the grenade and they’re throwing it to you,” Dubas said Saturday. “I know that there’s a narrative that we should just get something, but when you’re saving a team significant dollars on the salary cap that comes with a cost and we’re not going to bend on that.”
We’re starting to see a hardened public edge forming around a man who has watched his organization take a lot of bullets since squandering a 3-1 series lead against Montreal in May. The Leafs were even roundly mocked during Wednesday’s Seattle Kraken expansion draft, the brunt of jokes about the long gaps since they’ve last won a playoff series and Stanley Cup.
Dubas is meeting the criticism head-on.
He’s started speaking openly about attaching his own job security to the core of players he refuses to break up and even acknowledged that those players are guilty of being too passive in elimination games: “We’ve been in those moments now the last five seasons and we’ve fallen short in those moments.”
It had been his hope to keep Hyman in Toronto, extending a max term eight-year offer after the season. But he couldn’t get close to the kind of money on the table in Edmonton. That prompted Dubas to grant Hyman’s agent, Todd Reynolds, permission to speak to other teams and set the table for the possibility of the NHL’s first ever sign-and-trade agreement.
The Leafs understand the value of cap flexibility as well as anyone — having surrendered the 13th overall pick in the 2020 draft to Carolina to rid themselves of the final year of Patrick Marleau’s $6.25-million annual contract and sent fourth-round picks to both San Jose and Columbus for double salary retention on Nick Foligno at the trade deadline.
They also added a 2020 fifth-round selection as a go-between in the Robin Lehner deadline day trade with Chicago and Vegas, absorbing $1.1-million of the goalie’s cap commitment.
What Edmonton stood to gain in a potential Hyman sign-and-trade eclipsed each of those precedent-setting trades in total value. The pending unrestricted free agent is believed to be in line to receive $5.075-million annually on an eight-year deal or $5.5-million per on a seven-year contract from Edmonton should he get to the open market.
“In terms of compensation, I think it’s fairly simple,” said Dubas. “There’s a big benefit to me of adding the eighth year on in terms of the cap savings to the team that’s going to sign him. … So we know what the value is of that retention, of going to the eighth year, the cap savings, and so if there’s a fair deal to be made to do that we’ll do that.”
The challenges of the cap system are one of the main reasons why Dubas had only three selections to make during the NHL Draft — taking forward Matthew Knies at No. 57, forward Ty Voit at No. 153 and goaltender Vyacheslav Peksa at No. 185.
He mentioned that his lack of draft capital and cap space also kept him out of the rampant trade discussions during a wild weekend of activity across the league.
The impending Hyman departure only adds to the challenge of getting his group over the hump, but Dubas trudges forward: “It’s a loss, but we have to pick up and move on and do all that we can to put the team in the best position possible for next season.”
They will be looking for a depth defenceman or two that can play with snarl and won’t break the bank when free agency opens Wednesday. They also need a goaltender to play alongside Jack Campbell and another left-winger to fill out their lineup.
Ideally, those needs will be addressed on the open market but Dubas isn’t boxing himself in if it doesn’t happen. He remains open to trades.
“We’ve got our high picks next year and our prospect pool, plus players on our roster that teams are always circling around and asking about,” said Dubas. “We’ll get to work here on Wednesday or prior to Wednesday and see what’s available. We’ll try to use every avenue we can to improve the team.”
That could still involve a sign-and-trade for Hyman if the Oilers come around to his way of viewing the situation. But there doesn’t appear to be a compromise.
Right now Dubas isn’t bending the knee for anyone.