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Monday, February 21, 2011

Brian Burke's Next Trade - Part 5 - Looking for a "Tank" Trader

Colorado Avalanche will want to Trade
with Toronto if They Intend to Tank
We have seen a flurry of trade activity from Brian Burke in the past two weeks.  He "Time Machine" traded Tomas Kaberle and Francois Beauchemin; cashed out (salvage trade) on Kris Versteeg; and "Making Room for Prospects" traded Mikhail Stefanovich.

As a result, Brian Burke acquired two 2011 1st round draft picks, Joe Colborne (age 20 - drafted 16th 2008), Jake Gardiner (age 20 - drafted 17th in 2008), Joffrey Lupul (age 27 - drafted 7th 2002), and Fabian Brunnstrom (age 25).  Other than Brunnstrom, everything acquired can be used as assets for "Catching the Big Fish" trades.

As discussed in "Brian Burke's Next Trade - Part 3 - Catching the Big Fish", most of the "Big Fish" trades are done in the off-season.  Teams usually try to salvage bad situations with top players by trading them during the summer.  This rarely gets done at trade deadline.  In fact, Brian Burke indicated he expects his next big trade to most likely occur in the summer.

Brian Burke probably has completed all of his trades to cup contenders.  He does have his eye on Brayden Schenn, Los Angeles Kings top prospect.  However, it is most unlikely a deal gets done.  Los Angeles is a borderline playoff team.  They will only consider such a trade if they were in the middle of the playoff pack.  Furthermore, they "Tank Traded" Mike Cammellari in order to finish low in 2009 and draft Brayden Schenn.  Los Angeles trading Brayden Schenn will be like Brian Burke trading Phil Kessel.  It will only happen if the return is to big to turn down.

There might be one type of "Big Fish" trade available to Burke at trade deadline.  It can be with a team wanting to "Tank Trade".  By "Tank Trade", we refer to a team trading their best player who is at the height of their career with the primary purpose of finishing as low as possible to get the top draft pick.  In addition, the "Big Fish" player typically is the highest salaried player on the team.

Past examples are:
  1. St. Louis trading Chris Pronger which resulted in having the 1st overall pick in 2006.  The Blues drafted Erik Johnson.
  2. Boston trading Joe Thornton which resulted in having the 5th overall pick in 2006.  The Bruins drafted Phil Kessel
  3. Tampa Bay trading Brad Richards which resulted in having the 1st overall pick in 2008.  The Lightning drafted Steven Stamkos.
  4. Los Angeles trading Mike Cammellari wich resulted in having the 5th overall pick in 2009.  The Kings drafted Brayden Schenn.
What the "Tank Traders" got in return paled in comparison to the "Big Fish" they gave up.  It was strictly about shedding salary and getting the next top prospect.

In the next week, Brian Burke will be on the lookout for "Tank Traders".  Who may they be?  A close look at the bottom of the league standings quickly identifies the possible candidates.

NHL Standings after 20th Feb 2011
RankTeamGPWLTPtsLast 10
24
Florida
58
25
26
7
57
3 - 5 -2
25
Colorado
59
25
27
7
57
0 - 9 - 1
26
Toronto
59
25
27
7
57
6 - 2 - 2
27
New Jersey
59
25
30
4
54
9 - 0 - 1
28
Islanders
59
22
30
7
51
7 - 3 - 0
29
Ottawa
59
19
31
9
47
2 - 6 - 2
30
Edmonton
59
19
32
8
46
4 - 6 - 0

You can rule out New Jersey and New York Islanders.  New Jersey has just committed to Ilya Kovalchuk in the past year.  Where as the Islanders have completed their "Tank Trades" when they traded Dwayne Roloson and James Wisniewski.

Ottawa and Edmonton are weak candidates given they are already at the bottom and don't have budget issues.  They seem to be more interested in getting maximum value for their players such as Jason Spezza. If Burke inquires about their tanking intentions, he will probably target Jason Spezza (age 27 - $8 mil salary this season), Dustin Penner (age 28 - $4.25 mil salary this season), and Ryan Whitney (age 27 - $5 mil salary next season).

The true "Tank Trade" candidates are Florida Panthers and Colorado Avalanche.  They are borderline lottery pick teams and dropping fast. In addition, if they intend to tank, it is in their interest to help Toronto.

I expect Brian Burke to target Colorado out of the two teams.  He will want Paul Stastny (age 25 - $6.6 mil salary for the next three seasons). Colorado already knows the value of tanking.  In 2008-09, Colorado finished 1-7-3 in their last 11 games when Paul Statsny was out with an injury.  This resulted in Colorado picking 3rd overall.  Their selection was Matt Duchene.

After drafting Matt Duchene, Colorado has acquired other young high ceiling prospects: Peter Mueller (age 22, drafted 8th in 2006) and Erik Johnson (age 22, drafted 1st in 2006).  They also have a conditional 2011 1st from St. Louis.  Colorado has actively acquired high ceiling prospects within the age of 22 years old.

Colorado may not want to do a true "Tank Trade".  Brian Burke might have to offer some 1st round draft picks to entice them into a "Tank Trade".  Never the less, do not be surprised when hearing rumours about Toronto Maple Leafs being interested in Colorado Avalanche's Paul Statsny.

You might also be interested in:
  1. Brian Burke's Next Trade - Part 1
  2. Brian Burke's Next Trade - Part 2 - Making Room for Prospects
  3. Brian Burke's Next Trade - Part 3 - Catching the Big Fish
  4. Brian Burke's Next Trade - Part 4 - Tomas Kaberle and the "Time Machine" Trade





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Monday, February 14, 2011

Brian Burke's Next Trade - Part 4 - Tomas Kaberle and the "Time Machine" Trade

"Time Machine" Trades
Usually Involve Budget Teams
"Tomas Kaberle and the 'Time Machine' Trade" is part of a series of "Brian Burke's Next Trade" posts:
  1. Brian Burke's Next Trade - Part 1
  2. Brian Burke's Next Trade - Part 2 - Making Room for Prospects
  3. Brian Burke's Next Trade - Part 3 - Catching the Big Fish
In essence, a "Time Machine" trade is where you trade a player in his declining playing years (when he is past 30 years old) for a player who will be part of your team's core in the immediate near future.  Presently, Tomas Kaberle is 32 years old.

Brian Burke has been trying for the past two years to pull off a "Time Machine" trade involving Tomas Kaberle.  He thought he had one with Boston Bruins before the 2009-10 season.  However, there was a significant misunderstanding.  Brian Burke thought Boston agreed to send Phil Kessel and its 2009 1st round draft pick for Tomas Kaberle.  Peter Chiarelli, Boston's Manager, thought he traded Phil Kessel for Tomas Kaberle and Toronto's 2009 1st round draft pick.

There was a reported trade with Philadelphia vetoed by Tomas Kaberle prior to Brian Burke arriving to Toronto.  It was alleged Cliff Fletcher, Toronto's Manager at the time, reached agreement with Philadelphia agreed to send 29 year-old Tomas Kaberle for 22 year-old Jeff Carter and Philadephia's  2008 1st round pick.  Tomas Kaberle has a conditional NTC (No Trade Clause) in his contract where it goes dormant during the summer when Toronto fails to make the playoffs.

Why has it been so difficult to trade Tomas Kaberle?  What can you expect in return for him?  What strategy should Brian Burke use to trade him?

History is always a good starting point to find possible answers to these questions.  Below is a list of all "Time Machine" trades since the lockout involving players older than 30 who have been All-Stars (representing their team at the NHL All-Star game) and Olympic Team players.  The ages of the players involved in the trade are in brackets.  Players who were 1st round drafts picks have their draft position listed after their age.  Highlighted in yellow are "Time Machine" trades that appear to be successful in yielding younger players.  Past Hart Trophy winners are in bold letters.


"Time Machine" Trades Since the Lockout
DatePlayers Traded ToPlayers Acquired By
15-Nov-05
CBJ
Sergei Fedorov (35)
5th 2006 (Maxime Frechette)
ANA
Francois Beauchemin (25)
Tyler Wright (32) 12th
30-Jan-06
CAR
Doug Weight (35)
Erkki Rajamaki (26)
STL
1st 2006 (upgrade trade)
              (Patrik Bergland)
Mike Zigomannis (24)
Jesse Boulerice (27)
Magnus Kahnberg (25)
16-Dec-06
PHA
Alexei Zhitnik (33)
NYI
Freddie Meyer (26)
3rd 2007 (Mark Katic)
14-Feb-07
ATL
Alexei Zhitnik (33)
PHA
Braydon Coburn (21) 8th
15-Feb-07
NAS
Peter Forsberg (33) 5th
PHA
Scottie Upshall (23) 6th
Ryan Parent (19) 18th
1st 2007 (traded for players)
              (Scott Hartnell)
              (Kimmo Timanen)
3rd 2007 (traded)
27-Feb-07
SJ
Bill Guerin (36)
STL
Ville Nieminen (29)
1st 2007 (David Perron)
27-Feb-07
NYI
Ryan Smyth (30) 6th
EDM
Robert Nilsson (21) 15th
Ryan O'Marra (19) 15th
1st 2007 (Alex Plante)
22-Jun-07
FLA
Tomas Vokoun (31)
NAS
1st 2008 (upgrade trade)
              (Colin Wilson)
2nd 2007 (Nick Spaling)
2nd 2008 (traded)
14-Dec-07
ANA
Doug Weight (37)
Michal Birner (21)
7th 2007 (Paul Karpowich)
STL
Andy McDonald (30)
26-Feb-08
COL
Adam Foote (36)
CBJ
1st 2008 (traded for players)
              (RJ Umberger)
4th 2008 (David Savard)
29-Jun-08
Edm
Lubomir Visnovsky (32)
LA
Jarret Stoll (26)
Matt Greene (25)
26-Jun-09
PHA
Chris Pronger (34) 2nd
Ryan Dingle (25)
ANA
Joffrey Lupul (26) 7th
Luca Sbisa (20) 19th
1st 2009 (traded for picks)
              (Kyle Palmieri)
              (Matt Clark)
1st 2010 (Emerson Etem)
3-Jul-09
LA
Ryan Smyth (33) 6th
COL
Kyle Quincey (24)
Tom Preissing (30)
5th 2010 (Luke Walker)
3-Mar-10
ANA
Lubomir Visnovsky (33)
EDM
Ryan Whitney (26) 5th
6th 2010 (Brandon Davidson)
19-Jun-10
NJ
Jason Arnott (35) 7th
NAS
2nd 2011
Matt Halischuk (22)
6-Jan-11
DAL Jamie Langenbrunner (35)
NJ
3rd 2011 (conditonal 2nd)

When reviewing these trades you will notice a few things:
  1. Budget teams typically acquire "Time Machine" trade players.
  2. "Time Machine" trades are usually done as the trade deadline approaches.
  3. Philadelphia Flyers have history of doing "Time Machine" trades.
  4. Except for the Flyers trade, returns in "Time Machine" trades have been weak in past three seasons.
  5. Boston Bruins do not participate in "Time Machine" trades.
It makes sense for budget teams to seek out "Time Machine" trades when making a cup run.  This is there only chance to acquire these types of players.  Their budgets simply don't have room to have these large salaries for a complete season.  As a result, they are not in the market to sign them as free agents.

Here are the ramifications on Burke's quest to "Time Machine" trade Tomas Kaberle:
  1. Market probably reduced to just Philadelphia because of Kaberle's NTC (No Trade Clause).  Doubtful Kaberle waives it for a budget team.
  2. Philadelphia only has $5.064 mil room in next year's cap to extend Kaberle.  Getting a contract extension as part of the trade is the rumoured requirement for Kaberle to waive his NTC.
"Time Machine" trading Tomas Kaberle may just be a forlorn hope.  This is unfortunate since Burke has targeted James Van Riemsdyk on Philadelphia.  However, Burke does have some factors working in his favour:
  1. Philadelphia needs to improve its power play.  It is currently ranked 17th in the NHL and below the league average.
  2. Moving Van Riemsdyk creates cap room for Philadelphia to extend Kaberle.
  3. Paul Holmgren, Philadelphia's Manager, values Kaberle.  Remember his willingness to trade Jeff Carter for Kaberle.
  4. Brian Burke can make the deal bigger by adding Kris Versteeg.  However, it requires Toronto taking back Brayden Colburn or Matt Carle so Flyers comply with next year's cap when extending Kaberle.  
  5. Toronto can take any unwanted cap salary from Philadelphia so Flyers can do additional trades.  For example, Holmgren may want to shed Nikolai Zherdev from their roster.  Shedding the cap salary and opening a third spot on their 50 Active Player roster.
James Van Riemsdyk and Matt Carle or Brayden Colburn for Tomas Kaberle (with contract extension) and Kris Versteeg might be too costly for Philadelphia.  Ultimately, it will come down to Paul Holmgren having to choose between "wanting to win the trade" versus "wanting to win the cup".  It will be interesting to watch.

Post Script 14-Feb-2011

Kris Versteeg was traded to Philadelphia Flyers for a 1st and 3rd round pick within two hours of posting this blog entry.  This trade makes it almost impossible to move Tomas Kaberle to Philadelphia since they are capped out.  Brian Burke and Peter Chiarelli are now forced to deal with each other again!  Fans from both teams must be holding their breadth.

Post Script 18-Feb-2011

Another observation worth noting is the importance of receiving 1st round draft picks when making "Time Machine" trades.  You see them in many "Time Machine" trades.  These draft picks are usually later traded for a top prospect or a higher draft pick.  In essence, when acquiring a 1st round draft pick, the Manager acquires an asset that holds its value over time and can be moved to any team regardless of its cap and budget restrictions.  Furthermore, 1st round draft picks do not have NTC or NMC (No Movement Clause).

Post Script Part II 18-Feb-2011

Tomas Kaberle has been traded for Joe Colborne (drafted 16th overall in 2008 Entry Draft) and Boston's 2011 1st pick and a conditional 2nd pick from 2011.  Boston's 2nd pick depends on Kaberle either resigning with Boston or Boston advancing to the Stanley Cup finals.

Only Chris Pronger and Peter Forsberg have garnered a larger return in a "Time Machine" trade.  Both of them happen to be former Hart Trophy winners and Top 5 draft picks.

However, if the initial strategy was to package Kris Versteeg to magnify Kaberle's value, Burke can claim success with Colborne, two 1st round picks, and a conditional 2nd round pick.  In fact, splitting up Versteeg to get a 1st when the strategy wasn't working increased the return and applied pressure on Boston to make a move.

As a result, the combined returns for Kaberle and Versteeg compare nicely to Forsberg and Pronger.

Traditionally, Boston has never acquired a "Time Machine" player.  They usually acquire their players such as Marc Savard, Zdano Chara, Tim Thomas, and Mark Ryder through free agency.

Traditionally, Brian Burke does not acquire prospects and 1st round picks when doing a "Time Machine" trade.  In the past, he has acquired Francois Beauchemin and Andy McDonald in these trades.  He even stated his current objective is to get players.

Brian Burke has shown tremendous flexibility.  In doing so, he has pulled a rabbit out of the hat by getting "Hart Trophy winner" like returns for Kaberle and Versteeg.





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Tuesday, February 8, 2011

NHL Beware! ~ The "Winnipeg Curse"


Winnipeg Jets is not the only Winnipeg professional
hockey team to suffer an injustice from the NHL
You are wondering what is the "Winnipeg Curse" and why the NHL should be wary of it?  Like most people, you remember the Winnipeg Jets NHL franchise moving to Phoenix in 1996 to operate as the Phoenix Coyotes.  They did it to make the franchise more financially viable.

You might even see the irony in the franchise's current financial state and ownership struggles.  Perhaps, this is just another example of the "Hockey Gods" meting out justice.  However, you probably never gave any thought to the possibility of a "Winnipeg Curse".

The Winnipeg Jets are not the first professional hockey franchise to leave Winnipeg.  In fact, it is the second one to have done it.  The first one was the Winnipeg Warriors, a minor "professional" team in the WHL (Western Hockey League).  They started in 1955 and by 1961 relocated to San Francisco to operate as the San Francisco Seals and then in 1966 as the California Seals in Oakland.

This team was the genesis of the San Francisco - Oakland franchise.  The first failed NHL expansion franchise.  After entering the NHL in 1967-68 as the California Seals, it went through several iterations Oakland Seals, back to the California Golden Seals, California Seals, and eventually disbanded in June 1978 as Cleveland Barons.

After ceasing operations of the Cleveland Barons, the NHL transferred the rights of the team's players to Minnesota North Stars and had Cleveland's owner, Gordon Gund, assume ownership of the Minnesota franchise.  In 1991, Minnesota changed ownership and, in 1993, transferred to Dallas to operate as the Dallas Stars.

As you can see, we have one NHL franchise failure and two others, Phoenix and Dallas, with their ownership in limbo, all having roots in professional hockey taken away from Winnipeg.

But, are a series of coincidental misfortunes enough to declare a curse?  Where is the injustice that gives reason for this curse?

Some tell you Winnipeg never deserved professional hockey because it is too small.  They do their best to convince you Winnipeg is naturally forsaken.  Sometimes, they resort to belittling the city, its weather, and its people.

Many people can attest to the unfairness involved with losing the Winnipeg Jets.  What can we say about the Winnipeg Warriors?

1955-56 was the inaugural season and an immediate success for both the WHL Winnipeg Warriors and the Winnipeg Arena.  The Warriors won both Lester Patrick Cup (WHL Champions) and Edinburgh Cup (Championship over all Minor Professional hockey).  John Perrin, one of the wealthiest men in Canada, owned the team while his son Jack Perrin Jr. operated it.  John Perrin acquired his wealth as the founder of The San Antonio Gold Mines.  It was the most financially successful gold mine between the Rockies and the Great Lakes.

The Perrins also owned St. Boniface Canadiens, one of the best junior franchises at the time.  They were the 1953 Memorial Cup finalists who lost to Barrie Flyers (Don Cherry's team).  The team had several of the best prospects in hockey: Ab McDonald, Bill Masterton, and Jerry Wilson.  They also owned a second junior team, the Winnipeg Braves who went on to be the 1959 Memorial Cup champions.

The Winnipeg Arena, owned by the City of Winnipeg, was the largest hockey facility west of Chicago.  Although its 9,500 seating capacity paled in comparison to 16,666 for Chicago Stadium (NHL's largest in 1955-56), it was close to 11,563 for Detroit Olympia and 11,900 for Boston Garden.  On 18th of October, 9,671 people attended the first WHL game ever in Winnipeg.  In contrast, the NHL had 10,111 people attend its all-star game in Detroit on 2nd of October.

We can go on and on and bore you with the details of success for the Winnipeg franchise.  But, it keeps us from the question of "what went wrong?".

In short, their relationship soured with their NHL affiliates: Montreal Canadiens and Toronto Maple Leafs.  Montreal and Toronto entered into an affiliation agreement with the Perrins (Winnipeg Warriors) in order to get rights to the junior prospects on St. Boniface Canadiens and Winnipeg Braves.  The agreement affiliated the junior teams to Montreal and Toronto by virtue of their affiliations with Winnipeg Warriors.  In return for the junior affiliations, Montreal and Toronto committed to providing a certain number of professional players.

Once Montreal and Toronto had their junior prospects, they lost interest in providing players.  As a result, Winnipeg become uncompetitive and attendance suffered.  The emergence of Hockey Night in Canada on television compounded this problem even further.

While dealing with the affiliation dispute, Jack Perrin tried to advocate a bigger picture involving revenue growth through television.  He proposed starting a Western division of six teams in the NHL with the purpose of growing television revenue in the US and television revenue sharing amongst all 12 teams.  Jack Perrin also advocated changing from the current junior sponsorship system to a more equitable way of distributing/sharing junior prospects within professional hockey.

Montreal Canadiens and Toronto Maple Leafs did not want to share Hockey Night in Canada revenues with other teams.  Shockingly, the NHL was not interested in growing its US television revenues.  They were afraid giving their players higher profiles through television would cause salaries to rise out of control.  They let their CBS television contract expire in 1960.

In the end, the Perrins ended up taking Montreal and Toronto to court over the matter.  They won the case.  But lost the battle.  They sold the Winnipeg Warriors in 1961 which was then moved to San Francisco.  The Perrins also sold their two junior hockey teams: St. Boniface Candiens and Winnipeg Braves.  Ben Hatskin ended up owning the two junior teams.

Ironically, NHL ended up doing a new television deal in 1963 with CBS.  CBS understood there was an intention to add two NHL teams in California.  Otherwise, CBS would have done a TV deal with WHL.  There was a proposal to add the teams for the 1964-65 season.  But, nothing materialized.

By 1965, CBS gave NHL an ultimatum.  The NHL complied by announcing the addition of six new teams in a Western division.  It declared San Francisco and Vancouver to be acceptable franchise cities and Los Angeles and St. Louis to be potential cities.  NHL decided by 1966 to add Philadelphia, Pittsburgh, St. Louis, Minnesota, Los Angeles, and San Francisco - Oakland to a new "Western" conference for the 1967-68 season.  NHL rejected both Vancouver and Winnipeg (represented by Ben Hatskin).

Another irony was the scrapping of the junior sponsorship system.  It was forced upon NHL in 1966 by Bill Hunter, owner of Edmonton Oil Kings junior team forced it upon the NHL in 1966 when he refused to affiliate his Memorial Cup championship team with the NHL.  Instead, he helped start an outlaw junior hockey league.  It was CMJHL (Canadian Major Junior Hockey League).  You now know it as WHL (Western Hockey League).  As a result, NHL reverted to the Amateur Draft as the primary way of assigning NHL team rights to junior plays.  Initially, NHL even permitted minor-professional franchises to participate in the Amateur Draft.  Coincidently, Ben Hatskin entered a junior franchise the following year into this outlaw junior league.  He named the team Winnipeg Jets.

In spite of its unwillingness, NHL put in place almost everything advocated by Winnipeg's Jack Perrin.  However, NHL left Winnipeg (along with Vancouver) out in the cold when it came to NHL hockey, a great injustice.

In 1972, another outlaw league came into existence to challenge the NHL.  It was WHA (World Hockey Association).  Ben Hatskin and Bill Hunter entered franchises into the WHA: Winnipeg Jets and Alberta Oilers (now known as Edmonton Oilers).  By 1979, NHL allowed them along with Quebec Nordiques and New England Whalers into the league.

Again, the NHL did it unwillingly.  They initially rejected the WHA bid.  However, a beer drinker strike/protest erupted against Molson Breweries forcing the NHL to reconsider.  One of the greatest moments in beer drinker history.  However, Winnipeg Jets eventual fate is familiar to everyone.  In 1996, the franchise transferred to Phoenix.

Interestingly, NHL Commissioner Gary Bettman, the perceived villain in the loss of Winnipeg's franchise, is the man who put in place the last element of Jack Perrin's advocacy for professional hockey fairness and prosperity.  It is the equitable distribution of Hockey Night in Canada revenue.  However, he did it after Winnipeg lost its franchise.

Perhaps, to end this "Winnipeg Curse" and bring financial stability back to the NHL, Gary Bettman needs to reconsider placing an NHL franchise in Winnipeg.  The factors for revenue success advocated by Jack Perrin are fully in place.  

This includes arena ownership.  MTS Centre has replaced Winnipeg Arena and True North Sports and Entertainment Ltd owns it.    Although MTS Centre is no bigger than Winnipeg Arena during its NHL years, True North Sports keeps all of the revenue generated by the facilities.  Everything is in Winnipeg's favour.  Now, it is time for NHL to correct an injustice.  Otherwise, it might be time to unleash the wrath of the beer drinkers.





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