The Devils announced via press release that they have traded prospect Graham Black and Paul Thompson to the Florida Panthers for Marc Savard and a 2018 2nd round pick. Savard hasn’t played since the 2010-2011 season, which was ended early from a concussion. Savard will never dress for the Devils, as his career is over because of Post-Concussion Syndrome. Black, a 2012 5th round pick, had 9 points in 50 games last season for Albany, as well as 4 points in 5 playoff games. Paul Thompson had 35 points in 56 games for Albany, and 4 points in 10 playoff games.
This trade is basically the Devils buying a draft pick. Savard has a cap hit of $4,027,143 this season and a salary of $575,000. His contract is up after next season (2016-17). Black and Thompson weren’t going to go anywhere in the Devils organization, and the Devils used their best asset (cap space) to get an extra pick in the future. The Devils can also use this deal to reach the cap floor. There are other potential contracts the Devils can take for picks (Datsyuk comes to mind depending on if he goes to the KHL) if they really wanted to.
Shero did a very good job of getting an extra pick for the future. It’s a good deal for both teams, as the Panthers get cap space to use to better their team, while the Devils take on the dead cap that they can easily eat. Really like what Shero did here, and I’m excited to see what he has planned for the draft!