Before he’s even skated in a single game with them, the Lightning have decided to give Philippe Myers a one-year, $1.4M contract extension. Myers was acquired by the Lightning as part of the Ryan McDonagh trade from earlier this summer. Myers’ current deal is at a $2.55M cap hit and expires after this upcoming season.
Myers is actually an extremely interesting case going into this season, and now his situation is made even more interesting thanks to this contract extension. Once the Lightning acquired Myers, many assumed that the team would choose to buy him out. At the cost of some cap space next season, the Lightning, by buying out Myers, would actually have gotten a cap credit for this season, which is something most believed the ever cap-crunched Lightning could use this summer.
But with major extensions for Mikhail Sergachev, Erik Cernak and Anthony Cirelli set to kick in next summer, it seems Lightning GM Julien BriseBois has decided to prioritize saving as much cap space for next summer as possible.
That’s where this extension for Myers fits in. Myers is a smooth-skating defenseman who originally earned the relatively lucrative extension he’s currently playing on from the Philadelphia Flyers. Myers was once believed to be a core part of the team’s future on the blueline, but the hopes for Myers’ future never materialized into highly competent play. Myers, now 25, struggled to stay healthy, wasn’t as productive as many had hoped, and even had to, at times, play as a fourth-line winger to stay in the lineup.
The Lightning, though, seem to believe that they have value in Myers that no other organization has been able to unlock. That belief is evidenced not only by the fact that they didn’t take the cap credit and buy him out this summer, but also now by this contract extension before he’s even played a game for them.
The Athletic’s Joe Smith went into great detail in a story covering why the Lightning are betting on Myers. In essence, the Lightning believe that their track record as one of the NHL’s best developers of talent puts them in a unique position to help Myers, a player they believe has “all the tools” to become a strong NHL-er but simply hasn’t yet put those tools together.
Quite honestly, it’s very difficult to be a naysayer when the Lightning make a move like this. Tampa has appeared in each of the past three Stanley Cup Finals and has won two of them. The Lightning have developed mid-to-late-round draft picks such as Brayden Point, Cirelli, Cernak and Nikita Kucherov into impactful NHLers. They have been a veritable talent factory for the rest of the NHL, so when they show this level of confidence in their ability to turn around a player’s career, it’s difficult not to trust them.
Still, whether this contract and BriseBois’ faith in his development process is rewarded is ultimately down to Myers himself. If he can be what the Lightning believe he can be, this contract will be a steal, and this move will be seen as another stroke of genius by one of the NHL’s most savvy front offices.
If it doesn’t work, the Lightning will likely suffer next season when they are extremely hard-pressed for cap space. But even if that’s the case, this is a relatively low-risk bet and exactly the sort of move a team like the Lightning should make to maximize the value it mines from its coaching and player development staff.
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