Matt Hendricks at near $2 million for three or more years wouldn’t make much sense for the Caps

Hendricks Smiling

Hendricks Smiling (Photo credit: clydeorama)

NHL free agency season is here and Washington Times columnist Mike Harris writes that the Washington Capitals should do two things that will “be worth every penny spent.” He suggests the team “go all in on Vinny Lecavalier (The Flyers have since signed him)” and “bring back Matt Hendricks.”

Harris says, “Hendricks, who made $850,000 last season, will have a few other suitors and probably should be able to command about $2 million a year for three years or so. For the Caps, it would be money well spent.”

I love the way Hendricks plays and mean no disrespect to Harris, but if the salary cap-challenged Capitals sign Hendricks for near $2 million per year for three or more years as Harris suggests, General Manager George McPhee should immediately be drug tested. As hard as losing Hendricks might be for some Caps fans and as important a role player as he’s been for Washington, the 32-year-old, bottom-six forward is replaceable, just as fan favorite Matt Bradley was.

If Washington were a rebuilding team or one with boatloads of room to spend under the salary cap, perhaps $2 million per year to a player like Hendricks might be possible. But at this point, with other holes needing to be filled and higher-upside, young players like Karl Alzner and Marcus Johansson to be re-signed, there are cheaper ways to replace Hendricks if his price tag ends up being as high as $2 million per year.

Aaron Volpatti and his $575,000 salary, Michael Latta (acquired along with Martin Erat in the trade for Filip Forsberg, yet rarely talked about compared to the other two pieces of that trade) and 2012 first round draft pick Tom Wilson could all get an opportunity to fill that role at a smaller cap hit than Hendricks would come with at the price Harris wants the Caps to sign him for.

Much like Hendricks in some ways became the new Matt Bradley for Washington, someone can become the new Matt Hendricks. As great as guys like him are to cheer for and to have as teammates, the Caps cannot afford to give Hendricks a substantial raise given the other contracts on their roster and the other ways their remaining cap space could be used to further solidify it.

Kundratek a low-risk bargain at $575,000
On Tuesday, the Caps re-signed defenseman Tomas Kundratek and the deal really couldn’t be much better: $575,000 a year for two years, with the 2014-15 portion being a two-way contract, which would pay him $150,000 if he’s in the American Hockey League (AHL). Kundratek is only 23 and showed potential this season in 25 games with the Caps. If he becomes a regular in the Caps line-up over the next two seasons or even is just a reliable seventh defenseman or call-up from Hershey, Kundratek’s contract is a bargain. If Kundratek doesn’t pan out, at $575,000 a season, he’s a low-risk option that can likely be dealt easily, released or kept in the AHL.

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About Mike Holden

Mike Holden is a blogger and communications professional who also writes at mikeholden.com. He can be found on Twitter at @mikeholden. Read more of his sports writing.

Posted on July 4, 2013, in Washington Capitals and tagged , , , , , , , , , , , , , . Bookmark the permalink. 2 Comments.

  1. Hendi brings much needed grit to the caps this is a player that we need to keep. Though I agree 2mil a year is a bit steep but he is a player that knows the system and already has chemistry with his line mates that’s got to be worth something.

    • The Caps have about $8.4 million in cap space right now. After re-signing Alzner and Johansson, they might have around $4 million-ish remaining. If they use around half of that to re-sign Hendricks, that leaves only about $2 to $3 million, which gives the team very little wiggle room if there’s a player they want to sign or trade for later. As much as I like Hendricks, I’d rather have the flexibility to improve the team than bring back a guy like him at that price. The Caps have younger players who can provide the grit at a lower cap hit. There are also future seasons to consider, when contracts like $2 million/year to Hendricks could handcuff the Caps.

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