NASHL Free Agency: The $5 Million Scrub Club
The NASHL unassigned free agency market has officially entered the Twilight Zone.
With teams scrambling to remain compliant with the league's $46 million salary cap floor, a number of otherwise unassuming free agents have suddenly discovered that they are apparently worth $5–7 million per season.
No, they haven't suddenly become superstars.
No, there hasn't been a secret league-wide scoring explosion.
And no, your eyes aren't deceiving you when you see some of these contracts.
They are CAP-FLOOR CONTRACTS.
The biggest beneficiaries of the annual ‘We have too much money and nowhere to put it’ sweepstakes include:
Micheal Stone — 1 year / $7M — Calgary
Mike Danton — 1 year / $6M — NY Islanders
Nate Thompson — 1 year / $5M — Winnipeg
Troy Brouwer — 1 year / $5M — Winnipeg
Marc Methot — 1 year / $5M — NY Islanders
Taylor Pyatt — 1 year / $5M — Tampa Bay
Rob Scuderi — 1 year / $5M — Tampa Bay
Brian Gionta — 1 year / $5M — Calgary
Kris Versteeg — 1 year / $5M — Calgary
Ryan Shannon — 1 year / $5M — Calgary
Mathias Tjarnqvist — 1 year / $3.5M — Vancouver
David Moss — 1 year / $2M — Winnipeg
That's $56.5 million being handed out to 12 players who, collectively, have apparently become the NASHL's newest financial instruments.
CALGARY: JUST GIVE EVERYONE $5 MILLION
Calgary appears to have embraced the philosophy that if you can't find a superstar, simply give everyone superstar money.
Brian Gionta? $5 million.
Kris Versteeg? $5 million.
Ryan Shannon? $5 million.
And then, just for good measure, Micheal Stone gets $7 million.
At this point, Calgary's front office may have stopped asking:
‘What is this player worth?’
And started asking:
‘How much room do we have left under the floor?’
WINNIPEG JOINS THE PARTY
Winnipeg has also been particularly aggressive in the cap-floor market after purging half their team, handing out $5 million contracts to both Nate Thompson and Troy Brouwer, while David Moss gets a comparatively modest $2 million.
That's $12 million spent on three players whose primary contribution may simply be ensuring Winnipeg doesn't accidentally fall below the salary floor.
Somewhere, an accountant is smiling.
THE ISLANDERS ARE PAYING FOR DEFENSIVE PEACE OF MIND
The New York Islanders weren't going to be left out.
Mike Danton: $6 million.
Marc Methot: $5 million.
That's $11 million in one-year contracts that should make the Islanders comfortably compliant while simultaneously leaving opposing general managers wondering what exactly happened to the free-agent market.
TAMPA SAYS ‘WE HAVE MONEY TOO’
Not to be outdone, Tampa Bay has handed out matching $5 million contracts to Taylor Pyatt and Rob Scuderi.
Because apparently the best way to solve a salary-cap problem is to make your depth players look like they just signed franchise-player contracts.
Oh, and then deal them to the Winnipeg Jets!
AND VANCOUVER QUIETLY JOINS IN
Mathias Tjarnqvist checks in at $3.5 million for one year, proving that you don't necessarily need to reach the $5 million mark to participate in the annual NASHL Cap-Floor Charity Drive.
THE WINNERS? THE PLAYERS.
Let's be honest: nobody is complaining about this situation except perhaps the general managers who have to watch their cap ceilings.
For these players, it's Christmas.
A one-year deal worth $5 million because a team needs to spend money?
TAKE THE CHEQUE.
And for the teams, it's a relatively painless solution. Most of these contracts are only one year, meaning the cap hit disappears after the season.
It's basically the NASHL equivalent of putting your spare change into a vending machine just to get rid of it.
Except the spare change is $56.5 million.
THE 2026 NASHL CAP-FLOOR ALL-STARS
If the league created an All-Star team consisting exclusively of players who appear to have benefited from the cap-floor scramble, we'd have one hell of a roster.
Projected annual payroll: $56.5 million.
Combined term: 12 years.
Combined panic from NASHL general managers: immeasurable.
And somewhere out there, a GM is currently looking at his roster and thinking:
‘We're only $3 million above the floor... who's left?’
Free agency isn't over.
THE SCRUB MARKET IS OFFICIALLY OPEN FOR BUSINESS.