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Red Wings Need to Weaponize Surplus Cap Space
Chris Kreider could add a new net-front dimension to Detroit’s power play. (Kiyoshi Mio-Imagn Images)

When the Detroit Red Wings appoint their next general manager, the new hire will have their hands full right away. The Dylan Larkin situation needs to be sorted out, Simon Edvinsson needs a new contract, and a contract extension pitch should be made to Alex DeBrincat.

Another task at hand is deciding what to do with Detroit’s salary cap space. The Red Wings have about $19.6 million available, with roughly $8-$10 million of that reserved for Edvinsson. The other $9-$11 million is not earmarked for anything – at least for now.

Detroit’s next GM would be wise to leverage that cap space. It’s an asset, after all.

Detroit Should Use Its Cap Space to Acquire Assets

A handful of teams could benefit from shedding salary. One of which is the Anaheim Ducks.

The Ducks entered the summer with significant room, but matching Philadelphia’s five-year, $90 million offer sheet for Leo Carlsson changed the equation. Anaheim now has roughly $9.1 million in projected cap space with a 22-player roster. Oh, and they still have 41-goal-scorer Cutter Gauthier to re-sign.

Needless to say, the Ducks will likely move someone out to become cap-compliant once Gauthier signs. Chris Kreider, Alex Killorn, Frank Vatrano, and Mikael Granlund are potential candidates to be moved, and all would fit in nicely with the Red Wings.

In addition, the Red Wings could extract even more value beyond a free asset. A draft pick, a prospect, or another asset attached to the transaction. Even a pick swap with Detroit jumping up a dozen spots would be beneficial.

It’s a win-win. The Red Wings can afford to take on salary without immediately creating another problem elsewhere on the roster and the Ducks have a much greater incentive to preserve flexibility as they build around Carlsson, Gauthier, and their other young players.

A trade structured around that imbalance could allow Detroit to turn unused cap space into a tangible organizational asset – or assets if we look beyond this season and into the future.

That could mean acquiring one of Anaheim’s veterans for minimal or no cost and then flipping them—or another player—at the trade deadline for more assets. Whether Detroit keeps the player or not, they’re turning cap space into an asset that can be used to bring in other assets. Turning nothing into something is always a good idea.

It’s worth noting, though, that not every contract is worth absorbing. Detroit shouldn’t become a dumping ground for other teams simply because it has the cap room to do so.

The Red Wings should prioritize contracts that come with either an immediate opportunity to improve the roster or a clear path to future value. Ideally, the player would be useful enough to earn a spot in Detroit’s lineup, while also carrying enough trade value to become an asset at the deadline.

Contract length should also be a major consideration. Taking on an undesirable contract for one season is much different than absorbing multiple years of declining value. Detroit has enough flexibility to be opportunistic, but it shouldn’t sacrifice future cap flexibility just to acquire a draft pick today.

That’s where the new general manager’s evaluation process will be important. The question shouldn’t be, “Can we fit this contract under the cap?” It should be, “What are we getting in return for using our cap space?”

Final Word

The Red Wings don’t need to force another major move simply because they have money available. They have the opportunity to get creative, though.

The next step for the Red Wings should be identifying teams facing similar problems as the Ducks—think Vegas, Dallas, and Toronto—and determining what those clubs would be willing to do to make their salary cap issues disappear.

Anaheim is an obvious team to monitor, but the larger point is more important than any individual player: cap space is an asset and should be used like one. Hopefully, Detroit’s next GM recognizes this and takes advantage of the team’s unique position of having so much cap space.

This article first appeared on The Hockey Writers and was syndicated with permission.

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