Penguins
Recapping Penguins’ Wild Day 1 Free Agent Moves, Trade, Dubas Presser
It took a little while longer for the Pittsburgh Penguins to get into the flow of Day 1 of the NHL Free Agent Frenzy. Well before noon, there were some shockers and blockbusters, such as Steven Stamkos bolting Tampa Bay for Nashville and the Washington Capitals acquiring Jakob Chychrun from the Ottawa Senators.
But once president of hockey operations/GM Kyle Dubas got started, it was a full-speed sprint to execute the grand strategy that ushers the Penguins from this era to the next. Dubas has said on multiple occasions that it’s about acquiring draft picks and rebuilding the organization while helping Sidney Crosby and crew remain competitive on the ice.
The Penguins did nothing as bold as acquiring a bonafide top-pairing defenseman or Hall of Fame player. Instead, Dubas acquired nine players, four expected to be on the NHL roster, and eight of them on one-year deals. Dubas also made the long-expected Reilly Smith trade.
The Full Penguins Recap
The Penguins signed depth defenseman Mac Hollowell. He played a few years in the Toronto organization and made his NHL debut in 2022-23. He’s a solid depth addition to the blue line with some offensive talent, but only 5-foot-9. It was a minimum $775,000, one-year deal.
The centerpiece signing of the day happened around 1 p.m. After turning loose P.O Joseph loose on Sunday evening by not qualifying him, Dubas sprung for a solid replacement who is also 5-foot-9, but probably an upgrade: Matt Grzelcyk. For the record, his last name is pronounced Grizzlick. It was a one-year, $2.75 million contract.
The Penguins re-signed defenseman Ryan Shea on a minimum $775,000, one-year deal.
The Penguins are giving LW Anthony Beauvillier another chance. The winger bounced around the NHL like a Plinko chip from Vancouver, Chicago, and Nashville. He netted just five goals and 17 points in 60 games split between all three. Dubas dished a one-year, $1.25 million contract.
If it doesn’t work with Beauvillier, he would cost just $100,000 against the cap when stashed in Wilkes-Barre/Scranton Penguins. After inking the former Islanders castoff, the Penguins made a trio of minor league signings: Jimmy Huntingdon was part of this year’s Hershey Bears Calder Cup championship, Bokondji Imama is a pounding enforcer, and Nate Clurman is a right-handed defenseman.
The next-to-last contract on Monday was an intriguing get. The Penguins took advantage of the LA Kings decision to no qualifying Blake Lizotte, giving him a small raise on the only two-year contract of the day. Lizotte signed for two years and $1.85 million per season.
Last season, Lizotte sagged to only 15 points, scoring six goals. However, in 2022-23, he set career highs with 21 goals and 34 points.
And finally, the Penguins re-signed Emil Bemstrom to a one-year contract for $775,000. Bemstrom was the Penguins’ trade get when they shipped Alex Nylander to the Columbus Blue Jackets. Dubas also surrendered a sixth-round pick in the deal.
The Penguins trade was significant, not for the return but for the departure. Dubas traded Reilly Smith to the New York Rangers for a second-round pick in 2027 and a 2025 fifth-rounder. The Penguins retained 25% of Smith’s salary, which equates to $1.25 million for the coming season.
Smith had just 13 goals with the Penguins.
Kyle Dubas
Dubas spoke Monday afternoon, further reinforcing the strategy to prepare for the future. He repeated that the Penguins squeaking into the playoffs in 2024-25 isn’t as important as rebuilding the team into a contender.
Expect Dubas to consider selling the Penguins’ salary cap space or adding young players who are being squeezed out elsewhere.
“We also want to keep our cap space open in case those opportunities come through the summer,” said Dubas. “We’re seeing already today — we have the (cap) space, and we have the approval on a budget from ownership to go to that point that we can use that space either to acquire good young players or use that space to acquire more assets.”
The Penguins have about $4.3 million in salary cap space remaining.
If the goal was to get smaller…mission accomplished…
Po was a twig, grizz is better.i guess Hayes is smaller then Smith? Ok… depth pieces will be shuffled all year again unless 1 sticks. Smaller, no, but bigger, not really.
Hayes is 6’5″, Smith is 6’1″
Yes, that’s the goal
This was a strategy which should have been deployed at the trade deadline in 2023. It’s been coming for a few seasons: recoup some assets, get younger, make smart shorter term signings, and be a contender for the CUP in 2025-26, the last year of the Malkin, Letang & Crosby. But this strategy may take a couple seasons and be more along the lines of shooting for a CUP in one of the final years of Crosby’s career. I doubt this roster is set for the Fall. Would like to see Tarasenko signed for 2, maybe 3 years, on a… Read more »
bang on….smaller and softer…Hayes is soft player…always has been and even more so the last 2 years…watch him this year…the wall and corners are allergic reactions to him
Good! The more losses the better.
James Hagens will look good in black and gold.
The goal was to get worse, stockpile as many picks including as many top ten picks as possible that come with losing, and be chasing Cups again in a few years.
More little guys. Is it Sulli or are the pens collecting bobble heads.
They’re collecting losses to get high draft picks.
I don’t like any of the new signing ..
it’s all borderline reclamation players ..
if you’re tanking at least let the young players that you have in the system play and develop
This is Dubas’ MO…he did this in Toronto…..smaller players, stocked on pics and prospects….then did nothing with it….poor resume on building a bottom 6 (mostly taking on reclamation projects that ‘could’ become something that never do)….Dubas is an average GM who has never won but is related to like he is the leagues hidden gem and a genius …blows my mind…it is official Sid’s last years will be wasted and the ‘rebuild’ under Dubas and without Crosby…good luck…
Maybe they can put “Chicos bail bonds” on the uniforms. That would make Sid …Tatum O’Neal.
Nothing to help the team
What happened to the Patrick Laine rumors. There was at least a whiff of positive return and possible line mate for Crosby.
Laine has not yet been cleared by the NHL/NHLPA Players Assistance Program. Everything is on hold until the program gives the green light.
Looking at the roster and stated goals, there would need to be a roster player sent out. Oh boy, if it could be Graves. But looking at money and role, Rakell would seem more likely. Not knocking Rakell. That just seems likeliest choice to me if you are making a deal with minimal salary increase and guarding prospects and picks. While Pens gave out no long term deals, other teams supposedly in on Laine did. Does that hurt their chances to make a trade? Could they then flip some of the picks they got or is Dubas locked down there?… Read more »
Kyle Dubas has an MO…he is following it to a T just like he did in Toronto…just like he did in the Soo in the OHL….neither team won anything…neither team had a good bottom 6…..load up on pics and prospects and small players…..wasted on poor decisions on the bottom 6….Sid’s last years will be wasted and in Pittsburgh because of Lemieux and Crosby there may be a poor relationship to reality thinking that they will be able to rebuild easily once Sid is gone…look at Washington and look at Nashville…look at the quick turnaround they did….they dealt Jensen and a… Read more »
I agree on bottom 6 and Hayes. But, you can’t compare Caps and Pens on rebuild because Washington held onto their low 1st rounders over the years, drafting injury risks, and letting them develop slowly. Net result is they’ve got a pile of young prospects that can fill out the roster and they can reload quickly (effectiveness is debatable). Pittsburgh didn’t do that, so the farm cupboard is bare and a rebuild is going to take a long time.
hurts to see Holtz go to a team other than Pittsburgh. Seems like precisely the type of player Dubas should’ve made a big push to get
The devils were smart to trade him to the other conference. Doubt they would trade him to a division rival. Holtz is indeed the type of player the Penguins need.
Who is Holtz?
Dubas has worked magic. Last year, getting Karlsson, Graves, and Smith looked like masterful work. Who could’ve predicted they’d all fall flat on their faces (maybe says more about coaching and play style rather than the players themselves). Now he has pretty much swapped little POJ for Grzelyck and Smith for Hayes. Grabbing Beauvillier, Lizotte, and re-signing Bemstrom looks good because dear god anything is better than watching Jeff Carter and Jansen Harkins on the 4th line.
On paper, i would say the moves may be a small upgrade. Also, nothing really to move the needle to make the team any better. For the penguins to be better, they are going to have to figure it out on the PP and play more structured and responsible in the defensive zone.
I may be the irrational optimist, but if they can add a scoring winger (“x”) for about $5m, like laine or even taresenko, the roster has some potential to be strong and balanced (sorry for spellings):
X-Crosby-Rust
Bunting-Malkin-Rakell
Beauvillier-Hayes-O’Conner
Lizette-eller-accairi
Peterson-karlsson
Grzelcyk-Letang
Graves-st ivany
Jarry
Bemstrom-puustinen
Shea-Ludvig
Ned
Also, why is Sebastian Aho showing up on pens roster?
He was just signed to complete this cup-winning roster.
Not THAT Aho. 😉