The Washington Capitals (and the rest of the NHL) head into the biggest week of the off-season next week as the NHL draft (July 7-8), qualification of restricted free agents (July 11) and the opening of free agency (July 13) all occur within a seven-day span. It’s likely we could see a very different Capitals team begin take shape over that span.
The draft traditionally begins the (unofficial) off-season trades process, which could see the Capitals look to address a number of their needs (goaltender, center, left-handed defenseman and right wing). We could see trades actually begin at anytime over the next four days leading up to the draft.
If the Capitals don’t address all of their needs via trade, they’ll next look to free agency, which opens July 13 (players are able to begin formal meetings with other teams on July 12). It’s likely the Capitals will add several free agent players this off-season. As for the Capitals, Marcus Johansen, Johan Larsson, Matt Irwin, Michal Kempny, Justin Schultz and Pheonix Copley are all unrestricted free agents. It’s possible none of them return. Shane Gersich and Brian Pinho are also unrestricted free agents.
We will also find out about the status of key restricted free agents by July 11. Ilya Samsonov, Vitek Vanecek and Lucas Johansen are all restricted free agents this off-season. If the Capitals intend to keep (or even trade) they will need to extend minimum qualifying offers to each of the players before July 11. More on the minimum offers required for each player can be found in our previous post here.
Due to the extension of the 2021-22 regular season and desire to get back on track to start next season, the off-season has been compressed and key dates in the off-season schedule have been subsequently bunched-up in the second week of July. We will likely see a significantly different team emerge over the next two weeks as the Capitals look to reload once again for the 2022-23 season.
July 1 ▪ First Buy-Out Period Begins
July 2 ▪ Deadline for First Club-Elected Salary Arbitration Notification (5:00 p.m. New York Time)
July 7 ▪ 2022 NHL Draft – Round 1
July 8 ▪ 2022 NHL Draft – Rounds 2-7
July 11 ▪ Deadline for Qualifying Offers, which are not open for acceptance prior toJuly 13
July 12 ▪ Restricted Free Agents may make contact with Clubs (including their own) regarding potential interest, but may not sign new SPCs or Offer Sheets until the opening of RFA/UFA Signing Period ▪ First Buy-Out Period Ends (5:00 p.m. New York Time) ▪ Club’s ability to offer own potential UFA an eight (8) year SPC expires (11:59 p.m. New York Time)
July 13 ▪ RFA/UFA Signing Period Begins (12:00 p.m. New York Time) ▪ Qualifying Offers open for acceptance (12:00 p.m. New York Time)
July 17 ▪ Deadline for Player-Elected Salary Arbitration Notification (5:00 p.m. New York Time) ▪ Deadline for RFA Offer Sheets for First Club-Elected Salary Arbitration (5:00 p.m. New York Time) ▪ Commencement of Second Club-Elected Salary Arbitration Notification (5:01 p.m. New York Time)
July 18 ▪ Deadline for Club-Elected Salary Arbitration Notification (5:00 p.m. New York Time)
July 22 ▪ Qualifying Offers Expire Automatically (5:00 p.m. New York Time)
July 27 ▪ First Day of Salary Arbitration Hearings
August 11 ▪ Last Day of Salary Arbitration Hearings
August 13 ▪ Last Day for Issuance of Salary Arbitration Awards 48 hours after Club’s last Salary Arbitration Award/Settlement ▪ Deadline to Exercise Salary Arbitration Walkaway Right
48-hour period beginning at 5:00 p.m. New York Time on the 3 rd Day after Club’s last Salary Arbitration Award/Settlement1 ▪ Deadline for Such Club’s Second Buy-Out Period
the information above was provided by the NHL PR department
By Jon Sorensen
Why Capitals Should Pursue Acquiring Canucks’ J.T. Miller
Why The Capitals Should Sign Pending UFA Ilya Mikheyev
Why The Capitals Should Extend An Offersheet To Maple Leafs’ RFA Rasmus Sandin
Preparing For The RFA Qualifying Offers For Vitek Vanecek and Ilya Samsonov And The Potential For Outside Offer Sheets